If there is a rise in the price level, there is ________ in the quantity of real GDP supplied and a movement ________ along the AS curve
A) a decrease; downward
B) an increase; downward
C) a decrease; upward
D) an increase; upward
E) no change; upward
D
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The Cold War has been over since 1991, and foreign aid:
A. has tapered off and is largely nonexistent now. B. is still used as an effective political strategy to prevent communism. C. continues and is still largely dedicated toward building public goods. D. proved to be an ineffective tool in preventing the spread of communism.
The twin economic problems of the U.S. health care industry are the
A. rising health care costs and the declining quality of health care services. B. declining rate of immunization rates and the rising malpractice insurance costs. C. rising health care costs and the moral hazard problem in health care services. D. rising health care costs and the rising malpractice insurance costs.
Refer to the information provided in Table 24.3 below to answer the question(s) that follow.
Table 24.3
Refer to Table 24.3. At an output level of $2,400 billion, there is an unplanned inventory change of
A. negative $200 billion. B. positive $200 billion. C. positive $100 billion. D. zero.
After attending a December 2008 conference on global poverty, New York Times columnist Nicholas Kristof wrote the following in his column: I'm also a believer in aid, particularly health and education interventions. But I also believe that business can raise living standards on a scale that aid never can, and that we need to focus more on building manufacturing in poor countries. How can business raise living standards in poor countries?
A. Increased business activity can increase savings by individuals and investment by firms B. Rising incomes increase access to education and health C. Economic growth increases incomes D. All of the above