GDP tends to rise and fall during economic fluctuations but other measures follow the same pattern. One of these measures is
A. the annual precipitation rate.
B. the growth of the money supply.
C. the inflation rate.
D. the unemployment rate.
Answer: D
Economics
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The model of perfect competition best applies to markets with:
a. a few firms selling identical products. b. a few firms selling differentiated products. c. many firms selling differentiated products. d. many firms selling identical products. e. significant barriers to entry and exit.
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The United States savings rate
A. is higher than the Chinese savings rate. B. was 10 percent in 2005. C. was the most important factor contributing to the high economic growth rate since 1995. D. usually goes up during and soon after a recession.
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