In 1973, the Club of Rome published a book titled The Limits to Growth, which predicted that economic growth would likely end in high-income countries because of
A) increasing pollution and the depletion of natural resources.
B) rapid increases in government debt.
C) declining populations.
D) increases in outsourcing of the production of goods and services to low-income countries.
A
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As a percent of GDP, the total U.S. federal debt has been declining since World War II
Indicate whether the statement is true or false
Private disposable income equals
A) GNP - taxes + transfers + interest. B) NNP - taxes + transfers + interest. C) national income - taxes + transfers + interest. D) national income - taxes - transfers + interest.
Cutting the money supply by one-third is predicted by the quantity theory of money to cause
A) a sharp decline in real output of one-third in the short run, and a fall in the price level by one-third in the long run. B) a decline in real output by one-third. C) a decline in output by one-sixth, and a decline in the price level of one-sixth. D) a decline in the price level by one-third.
The National Banking Acts of 1863 and 1864 attempted to make the national banking system seem stronger than the state banking system by all of the following EXCEPT:
(a) Imposing legal reserve requirements on national banks (b) Providing depository insurance (c) Linking the capital requirements of national banks to the size of the cities in which they were located (d) Making national bank notes legal tender