One of the causes of World War I was _________
a. the deteriorating standards of living in Europe.
b. the assassination in Serbia of Austrian Archduke Ferdinand.
c. Europe had experienced several wars in recent decades that spilled over into World War I.
d. the European working class was increasingly fractured and nationalistic.
b. the assassination in Serbia of Austrian Archduke Ferdinand.
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Which of the following is inherent in the classical view of a self-adjusting economy?
A. Flexible prices and wages B. Inflexible prices and wages C. Instability D. Economic growth dependent on Innovation Theory E. Government spending to stimulate aggregate demand
Suppose real GDP grows at 7 percent per year and the population grows at 2 percent per year. How many years will it take for real GDP and real GDP per person to double?
What will be an ideal response?