From 1979 to 2011, which country had the highest growth rate of GDP per hour of work?
A. Singapore
B. United Kingdom
C. France
D. Japan
Answer: A
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Demand-pull inflation is
A) inflation caused by increases in aggregate demand that generate an even larger increase in aggregate supply. B) inflation caused by increases in aggregate demand that are not matched by increases in aggregate supply. C) inflation caused by reductions in short-run aggregate supply. D) inflation caused by reductions in long-run aggregate supply.
Which of the following is not a lagging indicator?
a. Duration of unemployment. b. Stock prices. c. Outstanding commercial and industrial loans. d. Prime rate.
Demand deposits are balances in bank accounts that depositors can access by writing a check or using a debit card
a. True b. False Indicate whether the statement is true or false
Answer the following statement(s) true (T) or false (F)
1. Different people get the same marginal utility per dollar from the same product. 2. Total utility is always less than or equal to marginal utility. 3. As additional units of a good are acquired, marginal utility increases. 4. At consumer equilibrium, all goods have the same total utility. 5. Rational consumers have to take price into consideration to maximize their satisfaction.