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Question
As an economic expansion approaches its peak, it is very likely that real GDP willA) exceed nominal GDP.
B) exceed potential GDP.
C) equal nominal GDP but not potential GDP.
D) be less than potential GDP.
E) equal nominal GDP and equal potential GDP.
Answer
This answer is hidden. It contains 1 characters.
Related questions
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Scarcity results from the fact that
A) people's wants exceed the resources available to satisfy them.
B) not all goals are desirable.
C) we cannot answer the major economic questions.
D) choices made in self-interest are not always in the social interest.
E) the population keeps growing.
Q:
Why does scarcity lead to the what, how, and for whom questions?
Q:
Choices that are best for the society as a whole are choices in pursuit of
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B) the social interest.
C) self-interest.
D) incentives.
E) answering the "for whom" question.
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A) What type of health care will be produced and in what quantity?
B) How will health care be produced?
C) For whom will health care be produced?
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E) Must we offer health care?
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Q:
When unskilled teens earn less than college graduates, society answers the ________ question.
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B) what
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When the federal government decides to pay senators more than it pays soldiers, it answers the ________ question.
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The figure above shows the relationship between the journey length and the cost of trip per mile. The curve becomes flatter because as the journey length increases,A) the fall in the cost per mile becomes smaller.B) the fall in the cost per mile becomes greater.C) the cost per mile decreases.D) the cost per mile increases.E) the cost per mile remains unchanged.
Q:
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When a home builder decides to computerize all of its production schedules, it directly answers the ________ question.
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In New York City, when he was the mayor Michael Bloomberg recommend that the city, with the help of private donors, make cash payments to poor and underprivileged parents who can certify that their children are attending school on a regular basis. The payments would start after third grade and go through high school, rising each year as dropout rates get higher and a child's forgone earning potential is higher. What economic concept does this policy represent?
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C) for whom
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Which of the following scenarios describes an action that is NOT rational from an economic point of view?
A) After drinking one martini (shaken, not stirred), James buys and drinks a second martini even though the marginal benefit of the second martini is lower than the marginal benefit of the first.
B) Eric buys a replacement ticket to the basketball game after he realizes that he accidentally left his original ticket at home.
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A) What?
B) How?
C) For whom?
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Q:
Which of the following is a topic studied in macroeconomics?
A) the pricing decisions in the computer hardware industry
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C) how the wheat industry determines how much wheat to grow
D) the impact of labor unions on wages
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Q:
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B) It studies the choices that individuals and businesses make when coping with scarcity.
C) It examines how the choices that individuals affect governments.
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Q:
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ii. Home Depot's choice to hire more full-time employees because its sales increased
iii. Delta Airlines changes its fares.
A) i only
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Q:
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Q:
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Q:
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B) y-axis divided by the change in the variable measured along the x-axis.
C) x-axis minus the change in the variable measured along the y-axis.
D) x-axis multiplied by the change in the variable measured along the y-axis.
E) y-axis minus the change in the variable measured along the x-axis.
Q:
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In the figure above, the relationship between the x variable and the y variableA) is positive.B) is negative.C) starts by being positive and then becomes negative.D) starts by being negative and then becomes positive.E) is non-existent because the two variables are unrelated.
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In the above figure, a negative relationship between x and y is shown in FigureA) A.B) B.C) C.D) D.E) B and Figure C.
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Q:
An independent relationship between two variables is shown in a graph by
A) an upward-sloping line.
B) a horizontal or a vertical line.
C) a downward-sloping line.
D) a steeply sloped line.
E) any straight line curve.