Roughly what was the change in Columbia's per capita GDP between 1960 and 2011?
A) 25%
B) 90%
C) 150%
D) 185%
D
Economics
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Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies.
A. D; C B. B; C C. B; A D. D; B
Economics
In the Keynesian model a recessionary gap will develop if there is:
A. stabilization policy. B. an increase in average labor productivity. C. too little spending. D. too much spending.
Economics