Our model of long-run economic growth suggests that
A) the U.S. growth slowdown since 1950 has been caused largely by low saving in the U.S.
B) a higher rate of saving in the U.S. cannot do much to increase the U.S. growth rate over the next two decades.
C) saving in the U.S. has exceeded the golden-rule level.
D) all of the above
E) none of the above
E
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The ________ is an international organization that sets rules of conduct for international commerce
A) International Trade Commission (ITC) B) World Trade Organization (WTO) C) International Trade Agreement (ITA) D) World Bank
Forward and spot exchange rates
A) are necessarily equal. B) do not move closely together. C) are always such that the forward exchange rate is higher. D) move closely together and are equal on the value date. E) are unrelated to the value date.
In Wall Street Jargon, a "Bear Market" typically means
A) stock prices have declined by at least 20%. B) stock prices have declined by at least 50%. C) stock prices have risen by at least 20%. D) stock prices have risen by at least 50%.
John Rawls, who developed the way of thinking called liberalism, argued that government policies should be aimed at maximizing the sum of utility of everyone in society
a. True b. False Indicate whether the statement is true or false