According to research by Robert Fogel, what proportion of the increase in the standard of living in Britain between 1790 and 1980 can be accounted for by greater caloric intake?
a. 10 percent
b. 20 percent
c. 30 percent
d. 40 percent
c
Economics
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An increase in real GDP can shift
A) money demand to the left and increase the equilibrium interest rate. B) money demand to the right and increase the equilibrium interest rate. C) money demand to the right and decrease the equilibrium interest rate. D) money demand to the left and decrease the equilibrium interest rate.
Economics
The second largest category, by relative importance, in the CPI calculation is
a. housing. b. apparel. c. transportation. d. medical care.
Economics