The majority of evidence points to the fact that, in the last decade in the United States, labor productivity has
A) stayed the same.
B) increased.
C) decreased in the manufacturing sector but increased in the service sector.
D) decreased.
B
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If the federal government's expenditures are less than its tax revenues, then
A) the budget is balanced. B) a budget surplus results. C) a budget deficit results. D) No conclusion can be drawn here regarding the budget surplus or deficit without information regarding government purchases versus other outlays.
In 2008, Zimbabwe ran out of locally produced Coca Cola and local Coke bottlers were not able to import the concentrated syrup needed to make Coke from the United States because they could not obtain U.S. dollars
A small amount of Coke was imported from South Africa, but a single bottle sold for around 15 billion Zimbabwean dollars. Zimbabwe was experiencing rapid increases in the price level, which is known as A) deflation. B) inflation. C) hyperinflation. D) stagflation.