The fall of actual GDP below the level of potential GDP is a signal that the economy is in a recession
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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Inflation has never been a major problem in the U.S
a. True b. False
Economics
Emissions permits allow polluters to pay for the right to pollute a specified amount
a. True b. False Indicate whether the statement is true or false
Economics
Some nations are more involved in international trade than others, as measured by exports as a percentage of GDP. Which of the following most closely matches the exports as a percentage of GDP for the U.S. in 2009?
a. 71 percent b. 51 percent c. 31 percent d. 11 percent
Economics
Which of the following could be an institutional barrier to employment?
a. all of the above b. minimum wages c. labor unions d. licensing requirements
Economics