Why would macroeconomists rate economic performance in Speed-Nation superior to that in Stag-Nation? Speed-Nation has
A) milder business cycles.
B) more volatile business cycles.
C) faster economic growth.
D) larger real GDP gaps.
E) smaller real GDP gaps.
C
Economics
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Central bank independence ________
A) is receding as democratic movements gain influence around the world B) is correlated with relatively high unemployment C) remains an obstacle to policy transparency D) is the norm in a growing number of countries
Economics
Exhibit 6-15 Long-run average cost
?
Given the short-run average total cost curves in Exhibit 6-15, what level of output per week minimizes average total cost?
A. 500 units. B. 1,000 units. C. 1,500 units. D. 2,000 units.
Economics