The government should not attempt to balance the budget if
a. the economy is in a recessionary gap.
b. actual GDP is below full-employment GDP.
c. unemployment is rising.
d. All of the above are correct.
d
Economics
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Specialization and exchange develop under conditions of
A) massive ignorance. B) a total conflict of interests. C) coercion and exploitation. D) none of the above.
Economics
As the price of video games is raised from $40 to $45, their quantity demanded fell from 1.5 million copies to 1.2 million copies. The elasticity of demand of video games is:
a. 0.25 b. 1.89 c. 1.66 d. 2.08
Economics