If a country of 300 million people has a total output of $12 trillion, its per capita output is:
A) $36,000.
B) $40,000.
C) $360,000.
D) $400,000.
Correct Answer:
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Q24: According to Classical economists in the 1930s,
Q25: The secular trend growth rate in the
Q26: A period of protracted slow growth and
Q27: Potential output:
A)is purely a physical phenomenon.
B)is related
Q28: Keynesian economics focuses on:
A)the long run.
B)the short
Q30: The two frameworks conventional economists generally use
Q31: Keynesians:
A)generally favor activist government policies.
B)generally favor laissez-faire
Q32: The short-run business cycle framework focuses primarily
Q33: Classicals:
A)generally favor activist government policies.
B)generally favor laissez-faire
Q34: When Classical economists of the 1930s looked
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