Which of the following is most likely to have an impact on the growth of productivity?
A) a decrease in the price level
B) a decrease in real money balances
C) an increase in the labor supply
D) improvements in worker training
D
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Which statement best describes the South's economic experience from 1880-1900?
a. All regions of the South declined in per capita personal income, and LA, GA, AL, SC, and MS experienced the greatest declines in per capita personal income. b. Every region in the South experienced growth, and LA, GA, AL, SC, and MS experienced the slowest growth rate of per capita personal income. c. Every region in the South experienced growth, and LA, GA, AL, SC, and MS experienced the fastest growth rate of per capita personal income. d. All regions of the South declined in per capita personal income, and LA, GA, AL, SC, and MS experienced the slowest declines in per capita personal income.
A German who exchanges euros for dollars in a U.S. airport is
a. contributing to U.S. exports b. lending dollars to Germans c. participating in the foreign exchange market d. engaging in speculative activities e. engaging in illegal activities
If something is a medium of exchange, then it:
a. serves as a yardstick for measuring the value of other goods. b. is a means of holding wealth for the future. c. has an absolute value in gold. d. is widely accepted as payment for purchases.
It can take many months or even more than a year to begin a(n) _______________ fiscal policy after a recession has started.
a. contractionary b. exploratory c. aggressive d. expansionary