One of the implications of new growth theory is that economic growth arises from
A. financial safety nets for the poor, such as Medicaid.
B. investments in knowledge.
C. reductions in the birth rate.
D. more government spending, such as military spending.
Answer: B
You might also like to view...
U.S. government policy to stimulate research and development activities would be most likely to succeed if it involved
A. interest rate policy. B. corporate tax policy. C. personal income tax policy. D. payroll tax policy.
What is the future value of $1,000 in three years if the rate of discount is equal to 5 percent?
A) $1,150.00 B) $1,005.00 C) $1,157.63 D) $863.84
In 2006, the average U.S. household held approximately how much currency (dollar bills and coins)?
A) $50 B) $100 C) $600 D) $1600 E) none of the above
Setting an explicit numerical inflation target is most associated with the goal(s) of:
A. accountability. B. both transparency and accountability. C. transparency. D. neither transparency nor accountability; it's about moral hazard.