Every economy has a(n) _______ given by the fundamental factors of growth.
A. actual inflation rate
B. actual growth rate
C. potential growth rate
D. potential inflation rate
Ans: C. potential growth rate
Economics
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Which of the following can prevent markets from reaching efficiency? I. price regulations that cap the price that may be charged II. increasing marginal cost III. monopoly
A) I only B) I and II C) II and III D) I and III
Economics
At the time of the American Revolution, the Industrial Revolution first launched in
(a) France. (b) Germany. (c) England. (d) Spain.
Economics