From the late 1960s to the late 1980s, in the United States SAT scores
A. and graduation rates increased.
B. and graduation rates decreased.
C. and school attendance rates decreased.
D. decreased and school attendance rates increased.
Answer: D
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What does price elasticity of demand measure? When is demand elastic? Inelastic? Unit elastic?
What will be an ideal response?
Classical economists who allow for shocks other than productivity shocks to affect the economy use ________ models rather than RBC models
A) Keynesian B) monetarist C) nonlinear D) DSGE
Which of the following is considered part of M2?
a. Savings deposits. b. Money market mutual fund shares. c. Small time deposits of less than $100,000. d. All of these.
If money is neutral, then changes in the quantity of money
a. do not affect real output. b. affect both nominal and real output c. do not affect nominal output. d. affect neither nominal nor real output.