When comparing average wages for black and white men in the United States, wages paid to black men have been about 20 percent less than those paid to white men

If you sell your textbook to your friend this year, does the sale count in this year's GDP?

What will be an ideal response?

Which of the following best describes a typical business cycle?

A) Economic expansions are followed by economic contractions. B) Inflation is followed by unemployment. C) Trade surpluses are followed by trade deficits. D) Stagflation is followed by inflationary economic growth.