Which of the following statements is true about Canada's annual rate of economic growth from 1997 to 2012?
A) It was positive in every year.
B) There were more negative than positive years.
C) It was 5% or above in most years.
D) It averaged 2.6 percent.
Correct Answer:
Verified
Q3: What is the business cycle?
A)The expansionary and
Q4: Why is the AS curve upward-sloping?
A)Because,since nominal
Q5: At low levels of Real GDP,what is
Q6: What is Potential GDP?
A)The total amount of
Q7: What is aggregate supply?
A)The aggregate quantity produced
Q9: If the economy is close to full
Q10: What does the LAS curve reflect?
A)The effect
Q11: All of the following,except one,refer to the
Q12: Which of the following is true regarding
Q13: Since the AS curve is upward sloping,as
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