The appreciation of the dollar in the late 1990s shifted the U.S. aggregate supply curve outward
a. True
b. False
Indicate whether the statement is true or false
True
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Use the table below to answer the next question.YearEmployedStructuralFrictionalCyclicalUnemployed20031,800501005020020042,400100100 30020052,000 15018050020062,66040 0140Determine the number of people frictionally unemployed for the year 2006.
A. 100 B. 200 C. -100 D. 0
Gelato ice cream maker shows the following on its balance sheet: revenue $200M, wages $100M, milk expenses $50M, strawberry purchases $5M, and taxes $25M. What is Gelato's contribution to GDP using the income approach?
A) $100M B) $125M C) $145M D) $200M
If government sets price supports on agricultural goods that are above equilibrium prices, what must the government do to maintain those prices?
In 1998, adjusted for inflation, crude oil and gasoline prices were
A. about average. B. quite low. C. slightly above average. D. quite high.