The Federal Reserve System was founded in:
a. 1935.
b. 1929.
c. 1933.
d. 1913.
d
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Which of the following is not a feature of the steady state in Solow's exogenous growth model?
A) The capital/output ratio is steady. B) Capital grows continuously. C) Consumption per worker is steady. D) Total saving is steady.
A noticeable drop in the level of business activity is known as a
a. recession. b. collapse. c. lagging indicator. d. contraction.
The statement that a monopoly raises the price of its product is an example of positive economics
Indicate whether the statement is true or false
Which of the following is a listing of the types or categories of resources?
a. land, labor, and capital b. land, labor, and education c. land, labor, and efficiency d. land, labor, and markets e. land, labor, and inputs