Multiple Choice
All of the following statements are correct EXCEPT
A) economies grow steadily over time.
B) inflation rates differ between countries.
C) unemployment increases during recessions.
D) a trade surplus exists when a country exports more than it imports.
E) there are unemployed people even during expansions.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: If average labour productivity increases while the
Q4: The degree to which people have access
Q5: In abnormal times,such as a financial panic,central
Q6: If a country's exports are less than
Q7: Structural policy refers to<br>A) decisions to determine
Q9: Microland has a population of 50 people;40
Q10: When government revenue exceeds government spending,the nation
Q11: Government debt reflects the<br>A) annual position of
Q12: Because population grows over time,the best indicator
Q13: Compared to the 1950-1973 period,output per worker