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- 1. Multiple ChoiceWhich of the following is not a strategy existing companies use to make a profit?pay billsreduce expensesincrease productivityincrease sales
- 2. Multiple ChoiceWhich is not an economic indicatorGDPInflation rateLaw of supply and demandUnemployment rate
- 3. Multiple ChoiceThe US economy is often called a _______ economyper capitalegaltraditionalconsumer
- 4. Multiple ChoiceThe GDP growth rate in the US during the great recession of 2008 was _________.negativepositivezeroserious
- 5. Multiple ChoiceIf the prices of many products _______, inflation is present.pullrisefallremain the same
- 6. Multiple ChoiceThe rate of change of prices calculated on a monthly or yearly basis is calledDemand-pull inflationCost-push inflationInflation rateConsumer price index
- 7. Multiple ChoiceThe civilian labor force is divided into what two categoriesEmployed and unemployedRich and poorPush and pullStocks and bonds
- 8. Multiple ChoiceNominal GDP is calculated ________ adjusting for inflationcurrentlywhenwithwithout
- Answer choicesTagsAnswer choicesTags