The Solow model emphasizes the role of which of the following factors of production?
A) land
B) labor
C) capital
D) natural resources
C
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Suppose Darrell has $4,000 in currency which he deposits in his bank. If the reserve ratio is 25 percent, this will lead to a maximum increase of ________ in M1 throughout all banks
A) $0 B) $4,000 C) $6,000 D) $12,000
If businesses spend an additional $150 billion for investment projects in 2010, what will be the impact on national income (Y) if the multiplier is 2?
a. Y will increase by $50 billion. b. Y will increase by $150 billion. c. Y will increase by $300 billion. d. Y will increase by $450 billion.
One of the consequences of the U.S. trade deficit is that:
A. domestic inflation has resulted. B. the accumulation of American dollars in foreign hands has enabled foreign firms to build factories in America. C. the distribution of income in the United States has become less unequal. D. the system of flexible exchange rates has been abandoned in favor of a new gold standard.
The United States was able to produce temporarily outside its production possibilities curve for several years during World War II by doing which of the following?
A. Recruiting housewives to work in tank and airplane factories. B. Convincing workers who qualified for retirement to put off retirement. C. Pressing older machinery and equipment into use. D. Expansion of the work week. E. All of the choices are true