Which of the following government agencies estimates and compiles the U.S. GDP accounts?
A. The American Economic Association
B. The Federal Reserve System
C. The Bureau of Economic Analysis
D. The Internal Revenue Service
C. The Bureau of Economic Analysis
Economics
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Suppose a single firm supplies all the ceramic windlasses in the U.S. The demand curve that firm faces is
a. elastic everywhere b. unit elastic everywhere c. inelastic everywhere d. perfectly inelastic everywhere e. elastic at the profit-maximizing quantity
Economics
How is a decrease in the natural rate of unemployment shown in the Phillips curve diagram? Does this decrease change the inflation rate?
Economics