Pension funds resemble insurance companies by:
A. becoming better investments the longer you live.
B. spreading risk.
C. accepting deposits.
D. pooling the savings of only large investors.
Answer: B
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The classical growth theory is that real GDP per person ______.
A. only temporarily rises and then returns to the subsistence level B. grows forever C. is constant and does not change D. increases as the population grows
A public good is:
A. rival in consumption and excludable. B. not rival in consumption and not excludable. C. not rival in consumption, but excludable. D. rival in consumption, but not excludable.
When the chairman of the Federal Reserve announced a goal of "zero inflation," which of the following economic policies was most likely being changed?
A. Supply-side policy. B. Monetary policy. C. Fiscal policy. D. Congressional policy.
Exhibit 14-8 Aggregate demand and supply
?
In Exhibit 14-8, if aggregate demand shifts from AD1 to AD2,
A. real GDP will increase from $3.0 to $7.0, and the price level will remain the same. B. real GDP will increase from $3.0 to $4.0, and the price level will remain the same. C. real GDP and the price level will both remain the same. D. real GDP will increase from $3.0 to $4.0, and the price level will increase from 100 to 140.