On the Solow Diagram, an increase in population growth is shown by ________
A) an upward shift of the depreciation plus capital dilution line
B) an upward shift of the investment function
C) an upward shift of the per-worker production function
D) a downward shift of the investment function
A
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List three reasons why nominal wages can be sticky in the short run
What will be an ideal response?
In the expansion phase of a business cycle
A. the inflation rate and productive capacity decrease. B. employment increases, but output decreases. C. the inflation rate decreases, but productive capacity increases. D. employment and output increase.
Briefly explain why government subsidies are a reason for the declining student performance in public education
What will be an ideal response?
________ involve the exchange of currency the second day after the date on which the two foreign-exchange traders agree to the transaction.
A) Spot transactions B) Outright forward transactions C) FX swaps D) Reverse transactions