Which of the following is NOT considered a determinant of income differences?
A) productivity
B) age
C) discrimination
D) equity or fairness
Answer: D
Economics
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Under a fixed exchange rate system, an expansionary fiscal policy such as an increase in government expenditures will lead to a(n) ________ in real GDP and a ________ inflation rate
A) increase; higher B) increase; lower C) decrease; higher D) decrease; lower
Economics
The period during which real output falls during a business cycle is called:
a. peak. b. recession. c. recovery. d. trough.
Economics