If Kenya institutes policies that support economic freedom and growth, it is likely that Kenya will
A) immediately reap the benefits of double digit increase in economic growth.
B) immediately reap the benefits of a 4 percent to 6 percent increase in economic growth.
C) slowly reap the benefits of economic growth as the economy grows over time.
D) lose control of the economy and plunge into a long recession.
E) suffer from too much competition within its economy.
C
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A change in the price level brings a ________ the aggregate supply curve, NOT a ________ the aggregate supply curve
A) vertical displacement of; change in the slope of B) change in the slope of; horizontal displacement of C) shift in; change in the slope of D) movement along; shift in E) shift in; movement along
Applications to MBA programs rose during the economic downturn in 2008. This is best explained by:
A) The opportunity cost of attending an MBA dropped for most applicants due to poor job prospects. B) More teachers were available to teach MBA classes due to the lower opportunity cost of teaching. C) The explicit costs of attending an MBA program fell in 2008. D) The implicit costs of attending an MBA program rose in 2008.