The tendency of many economic variables to move together in a predictable way over the business cycle is called
A) recurrence.
B) persistence.
C) comovement.
D) inflation.
C
Economics
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Refer to Scenario 7.2. Suppose that you receive an order for 60 earthquake detectors. How much labor will you use to minimize the cost of 60 earthquake detectors?
A) 1 B) 5 C) 10 D) 45 E) none of the above
Economics
A nation's real GDP was $250 billion in 2013 and $265 billion in 2014. Its population was 120 million in 2013 and 125 million in 2014. What is its real GDP per capita in 2014?
A. $2,120 per person B. $212 per person C. $21,200 per person D. $205 per person
Economics