The poorest countries in Africa have some of the highest growth rates, thus proving the convergence hypothesis
a. True
b. False
Indicate whether the statement is true or false
False
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According to Simon Kuznets, which of the following is likely to induce economic growth in the automobile industry of a country?
a. An increase in the amount of labor used in the industry b. A government subsidy for automobile production c. An increase in the import of spare parts for the engines d. An increase in the number of paint bays per factory e. The replacement of manual assembly lines with robots
Almost all event markets forecast accurately
Indicate whether the statement is true or false
In the United States during the period from 1870 to 1940, the price level was most likely to
A. fluctuate. B. increase. C. decrease. D. trend generally upward.
A positive temporary supply side shock will:
A. increase the level of potential output in the long run. B. decrease the price level in the long run. C. increase the price level in the long run. D. have no effect in the long run.