Which of the following was given as a reason to doubt the idea of "New Economy"?
A) High growth in computer investment could not be sustained.
B) Actual real GDP could not continue to grow slower than natural real GDP growth.
C) Inflation could not be reduced by a higher productivity growth rate.
D) All of the above.
A
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Refer to the figure above. What is the equilibrium employment when the labor demand curve is LD2 and the labor supply curve is LS2?
A) 10 units B) 20 units C) 5 units D) 15 units
On average across the world, the underground economy is worth about:
A. one-third of GDP. B. one-tenth of GDP. C. one-quarter of GDP. D. one-half of GDP.
In traditional Keynesian economics:
a. the aggregate supply curve is vertical. b. the aggregate supply curve is horizontal. c. the aggregate supply curve is upward-sloping. d. the aggregate demand curve is horizontal. e. the aggregate demand curve is vertical.
What is the World Bank? Explain its primary purpose.
What will be an ideal response?