Refer to the list. As distinct from the supply factors and efficiency factor of economic growth, the demand factor(s) of economic growth is (are):
Use the list below to answer the following question:
1. Improvements in technology.
2. Increases in the supply (stock) of capital goods.
3. Purchases of expanding output.
4. Obtaining the optimal combination of goods, each at least-cost production.
5. Increases in the quantity and quality of natural resources.
6. Increases in the quantity and quality of human resources.
A. 1 only.
B. 4 only.
C. 1 and 3 only.
D. 3 only.
D. 3 only.
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A Pigouvian subsidy leads to a socially efficient outcome by ________
A) raising individuals' marginal benefit from consumption B) lowering the marginal private cost of production C) raising the marginal external benefit from consumption D) lowering the marginal external cost of production
According to aggregate demand and supply analysis, the rising oil prices coupled with the global financial crisis in 2007-2008 caused the unemployment rate to ________ and the level of real aggregate output to ________
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
It is virtually impossible to save or lend nowadays without __________ being involved
A) traded securities B) financial intermediaries C) direct finance D) disintermediation
In the U.S., in recent years, comparing M2 to M1 in terms of dollar value, we can say that M2
a. has grown considerably slower than M1 but is still about three times its size b. has grown faster than M1 and is about three times its size c. has grown faster than M1 but is still less than half the size of M1 d. has grown considerably slower than M1 and is less than half the size of M1 e. is about the same size as M1, varying only slightly with changes in money velocity