The higher the rate of unemployment:
a. The higher the level of potential GDP
b. The higher the level of actual GDP
c. The larger is the GDP gap
d. The smaller is the GDP gap
c. The larger is the GDP gap
Economics
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A decrease in the price of an input will
A) increase demand for the product. B) decrease demand for the product. C) increase supply of the product. D) decrease supply of the product.
Economics
As an absolute amount (billions of dollars), which of the following countries provides the greatest amount of foreign aid?
(a) United Kingdom. (b) United States. (c) Italy. (d) Sweden.
Economics