Economic Growth (sometimes considered similar to GDP) can have a Business Cycle with which of the following? a)Potential Growth

b)Actual Growth

c)Nominal Growth

d)Real Growth

e)Decline or slowdown

f)Recession or slump

g)Growth or upturn

h)Boom or overheating

i)All of the above

The selling price of houses would be most likely to decrease if there were first a decrease in which of the following? a. new-housing construction. b. mortgage interest rates. c. the unemployment rate. d. construction workers' wages. 2b2t

What preforms the best over the long term? a) bonds b) mutual funds c) stocks d) certificate of deposit

Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.