Refer to Figure 13.1. All else equal, an increase in transfer payments would best be represented by a movement from
A) point A to point B.
B) point B to point A.
C) point B to point C.
D) point C to point B.
B
Economics
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Assume that for the third quarter of 2012, actual real GDP was $176.1 billion and potential real GDP was $163.9 billion. According to Okun's law, the cyclical unemployment rate during the third quarter of 2012 was
A) -6.1%. B) -3.7%. C) 3.5%. D) 6.1%.
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Monopolistic competition will include producers of poultry and dairy products
a. True b. False Indicate whether the statement is true or false
Economics