Workforce explanations of the productivity changes in the 1973-1995 period include
a. rising SAT scores.
b. declining SAT scores.
c. rising educational attainment.
d. falling levels of average educational attainment.
b
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Refer to Figure 15-11. In the dynamic model of AD-AS in the figure above, if the economy is at point A in year 1 and is expected to go to point B in year 2, the Federal Reserve would most likely
A) decrease the inflation rate. B) decrease interest rates. C) not change interest rates. D) increase interest rates.
Exports are goods and services that are produced:
A. in other countries and consumed domestically. B. domestically and consumed in other countries. C. and consumed in other countries. D. and consumers domestically.
Funds held in bank accounts that can be withdrawn by depositors at any time without advance notice are called:
A. demand deposits. B. required reserves. C. free funds. D. flow funds.
Most Americans would voluntarily support defense without required taxation.
Answer the following statement true (T) or false (F)