The fact that long-run growth in the U.S. has been relatively stable is consistent with the ______ model
a. endogenous growth.
b. supply-side.
c. Keynesian.
d. neoclassical growth.
e. none of the above.
D
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The fixed rate in a swap contract is
A) a certain short rate in the market when the contract is signed. B) a certain long rate in the market when the contract is signed. C) negotiated by the parties in the contract. D) the difference between stated long and short rates when the contract is signed.
Which of the following countries had an economic growth rate equal to zero between 1960 and 2004?
A) South Africa B) Philippines C) South Korea D) Kenya
Joe runs a business and needs to decide how many hours to stay open. Figure 2.2 illustrates his marginal benefit of staying open for each additional hour. Suppose that we observe Joe staying open 6 hours per day. If he is following the marginal principle, what must his marginal cost per hour be?
A. $16 B. $24 C. $32 D. $48
All of the following are stock market indexes except
A) the Dow Jones Industrial Average. B) the Russell 100 C) the Standard & Poor?s 500. D) the Wilshire 5000.