At year-end 2014, the national debt of the United States was approximately
a. 5 percent of GDP.
b. 25 percent of GDP.
c. 77 percent of GDP.
d. 107 percent of GDP.
D
Economics
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The table above gives the aggregate demand and aggregate supply schedules in Lotus Land. Lotus Land is in short-run macroeconomic equilibrium
In the long run, if aggregate demand does not change, then Lotus Land will return to full employment as ________. A) the money wage rate rises B) the money wage rate falls C) businesses cut their imports D) the government cuts taxes
Economics
Why is portfolio diversification so important in international trade?
What will be an ideal response?
Economics