Economists study poverty and income inequality to answer which of the following questions?
a. What are people's wages?
b. How does labor-force experience affect wages?
c. How much inequality is there in society?
d. How do people adjust their behavior due to taxation?
c
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The Rule of 70, as applied to real GDP growth, can be used to find the
A) real GDP growth rate necessary to double growth. B) growth rate of real GDP. C) number of years it takes for the level of real GDP to double. D) population growth rate necessary to double the GDP growth rate. E) number of years it takes for the growth rate of real GDP to double.
If the monetary base does not change and the desired reserve ratio increases, the money multiplier ________ and the quantity of money ________
A) increases; decreases B) decreases; decreases C) increases; increases D) decreases; does not change E) decreases; increases
The theory of intertemporal choice was presented by ________
A) Adam Smith in 1776 B) Alfred Marshall in 1871 C) Irving Fisher in 1930 D) John Maynard Keynes in 1936
What are money market mutual funds?