Refer to the information provided in Figure 31.1 below to answer the question(s) that follow.
Figure 31.1Refer to Figure 31.1. An economic decline is represented by a movement from
A. point C to point A.
B. point D to point A.
C. point A to point B.
D. point B to point A.
Answer: A
You might also like to view...
Which of the following is an economic activity:
A. Following the stock market B. Reading a bank statement C. Balancing a checkbook D. Purchasing a candy bar
If the long-run average total cost curve is rising as output increases, then the firm faces diseconomies of scale.
Answer the following statement true (T) or false (F)
From 1990 to 2004, among developed countries, a 1 percentage point increase in productivity growth was associated with increased per capita GDP growth of
A. 1.50%. B. 0.30%. C. 0.01%. D. 3.00%.
What is the total demand for goods and services in an entire economy called?
A. consumer demand B. aggregate demand C. supply and demand D. GDP demand