An inflationary gap will exist when
a. aggregate demand grows more slowly than aggregate supply.
b. there is downward pressure on prices.
c. expenditures are not equal to aggregate demand.
d. equilibrium GDP is greater than full employment GDP.
d
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The Preview discusses the choice of going to college or not. Use the internet to examine educational attainment by race, Hispanic origin, and gender. The table of contents and data found in the Statistical Abstract of the United States. Click on the tables for Education Attainment. Use the data in this table to create a graph
Plot the percentage of each group that had 4 years or more of college on the vertical axis. Plot the year on the horizontal axis. Questions
- Which group has the highest percentage with 4 or more years of college?
- What could explain the difference between males and females?
- Which two races have the greatest differentials between males and females in educational attainment?
Why do most exchanges in the United States occur by using money?
What will be an ideal response?