To keep the population in an economy stable, the total fertility rate (average number of births per woman in her lifetime) must be about:
A. 4.2
B. 1.5
C. 5.1
D. 2.1
D. 2.1
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The Solow Growth Model is a tool that is used for studying:
A) how aggregate demand is determined. B) how net exports are determined. C) how aggregate supply is determined. D) how aggregate income is determined.
A public franchise
A) is an unregulated monopoly necessary for the public good. B) is a government designation that a private firm is the only legal producer of a good or service. C) is a corporation that is owned by stockholders. D) results from ownership of a key raw material.
If the economy is on the IS curve, but is to the left of the LM curve, then the ________ market is in equilibrium, but the interest rate is ________ the equilibrium level
A) goods; below B) goods; above C) money; below D) money; above
A year-long drought that destroys most wheat crops for the season would shift the:
A. short-run aggregate supply curve only. B. aggregate demand curve only. C. aggregate demand curve, and the short-run aggregate supply curve would shift in response. D. short-run aggregate supply curve and the long-run aggregate supply curve.