How many stages are involved in the swallowing process?

Starting from long-run equilibrium, use the basic aggregate demand and aggregate supply diagram to describe what happens in both the long run and the short run when there is an increase in wealth. Which curve shifts in the short run? Is the new short run equilibrium to the left or do the right of the long-run aggregate supply curve? What happens to rGDP in the short run? What happens to the unemployment rate in the short run? Which curve shifts in the long run? What happens to the price level in the long run?

Which of the following advances contributed to the productivity growth of the mid-1990s?

Define the two categories of saving in the economy.

2023 2024 Nominal GDP $10,000 $15,000 Real GDP 10,000 14,000   Given the information above, calculate the GDP deflator for both 2023 and 2024. What does the value of the deflator in the year 2023 tell you about that year with respect to the base year? What happened to prices in 2024 as compared to 2023?

If real GDP in the United States is growing at an annual rate of 3.2% per capita and Bolivia’s real GDP per capita is growing at a rate of 1.3%, which of the following would we expect in the long run? Assume real GDP per capita in the United States begins at a level above that of real GDP per capita in Bolivia.

Which of the following accurately described the impact of the rule of law on a country’s economic growth rate?

The difference between judicial foreclosure and power of sale foreclosure in the treatment of defaulted mortgages can be significant. All of the following statements regarding power of sale are true EXCEPT:

Consider the figure below. Which wavelength of light would be most effective in driving photosynthesis?

The HIV drug, Sustiva, is a competitive inhibitor of one of HIV’s enzymes called reverse transcriptase. Unfortunately, the high mutation rate of HIV means that the virus rapidly acquires mutations that make them resistant to these competitive inhibitors. Where in the reverse transcriptase enzyme would amino acid changes need to take place in order to render the drug useless?