Country with the largest GNP (Gross National Product) is:________?
A. China
B. Germany
C. Japan
D. United States
A. China
B. Germany
C. Japan
D. United States
A. total revenue divided by the quantity sold
B. equal to the quantity of the good sold
C. average revenue divided by the quantity sold
D. equal to the price of the good sold
A. horizontal, natural rate of inflation
B. horizontal natural rate of unemployment
C. vertical natural rate of inflation
D. vertical equilibrium rate of unemployment
A. The ECU
B. currency swap agreement between member
C. the exchange rate mechanism
D. all of the above
A. Demand is price elastic
B. Demand is price inelastic
C. The demand curve is downward slog
D. An increase in income will reduce the quantity demanded
A. an increase in the equilibrium price and quantity
B. none of these answers
C. an increase in the equilibrium price and a decrease in the equilibrium quantity
D. a decrease in the equilibrium quantity.
E. a decrease in the equilibrium price and quantity.