Refer to Figure 14.2. Suppose that, due to a recession, foreign workers begin to leave the United States to search for work in their home countries. Other things equal, this would best be represented in the United States by a movement from
A) point A to point B.
B) point B to point A.
C) point B to point C.
D) point A to point C.
B
Economics
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If the CPI was 132.5 at the end of last year and 137.5 at the end of this year, the inflation rate over these two years was
A) 3.6 percent. B) 3.8 percent. C) 5.0 percent. D) None of the above answers is correct.
Economics
A problem with the neoclassical growth theory is its
A) prediction that population growth lowers the real wage rate. B) inability to explain persistent differences between countries' GDP growth rates. C) prediction that population growth raises the real wage rate. D) comparison of the economy to a perpetual motion machine.
Economics