Refer to Figure 8A.2. If the economy were saving at the rate s1
A) saving would equal depreciation at e1.
B) the economy would grow until it reached e2.
C) capital stock would increase until the economy reached K2.
D) all of the above.
A
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The Fed:
a. has little control over the money supply. b. serves as the central bank for the United States. c. often uses a mix of lower taxes in its fiscal policy. d. ensures commercial bank profitability.
Why might the Fed decide to monetize the deficit?
a. to keep inflation low b. to reduce the structural deficit c. to reduce the budget deficit d. to keep interest rates low
Most goods and services produced at home
a. and most goods and services produced illegally are included in GDP. b. are included in GDP while most goods and services produced illegally are excluded from GDP. c. are excluded from GDP while most goods and services produced illegally are included in GDP d. and most goods and services produced illegally are excluded from GDP.
The wage rate found by the intersection of the market demand and supply curves for labor then determines the
A. labor's supply curve of labor. B. firm's supply curve for labor. C. labor's demand curve for jobs. D. firm's demand curve for labor.