Refer to Figure 7-2. The tariff causes domestic consumption of coffee
A) to rise by 20 million pounds. B) to fall by 27 million pounds.
C) to rise by 6 million pounds. D) to fall by 7 million pounds.
D
Economics
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The payment of interest not only on the original deposit, but on all previously accumulated interest is called:
A. simple interest. B. the real interest rate. C. the nominal interest rate. D. compound interest.
Economics
What is measured on the vertical axis of the aggregate demand graph?
A. nominal income B. the price level C. real GDP per year D. unemployment
Economics