1. What is the difference between gross national product (GNP) and gross domestic product (GDP)? 2. Which is the federal government's official measure of how much output our economy produces?
3. What is a business cycle?
4. Compare and contrast a recession and a depression; describe some of the key characteristics of each of these two economic phases.

Which of the following might cause the inflation rate to spike up sharply? the purchasing power of the average consumer decreases due to a sluggish economy. plentiful rainfall and moderate temperatures result in good harvests of wheat and soybeans. the items in the cpi market basket change to account for changing consumer buying habits. prices on world oil markets rise steeply due to war in the middle east.

Which of these best describes why president franklin d. roosevelt created the new deal?

The persians landed in the plains near athens. as their army greatly outnumbered that of the greeks, the greeks hoped to find aid from nearby sparta. a long-distance runner named pheidippides was sent from athens to sparta to request , but the spartans were not able to send more soldiers at the time. regardless, the greeks were still able to win the battle. centuries later, legend developed that a runner had been sent from the battle to athens after the greek victory. after reaching athens, the runner proclaimed, "we are victorious! " and then fell to the ground and died. this legendary story is the inspiration for the modern long-distance runs that are performed today. this passage refers to the events of which battle during the persian wars? a. battle of thermopylae b. battle of salamis c. battle of plataea d. battle of marathon