According to ________ ______ ?theory, economic growth can continue as long as we keep coming up with new ideas.
Fill in the blank(s) with the appropriate word(s).
new growth
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Refer to Figure 24-1. Ceteris paribus, a decrease in interest rates would be represented by a movement from
A) AD1 to AD2. B) AD2 to AD1. C) point A to point B. D) point B to point A.
Adding up all transactions in the economy ________ "double counting" and thus produces ________ measure of GDP
A) avoids, a proper B) avoids, an improper C) results in, a proper D) results in, an improper
Per capita GDP can be defined as
a. GDP per working person. b. GDP per unit of capital. c. GDP per person. d. GDP per unit of unemployment.
Use the following marginal benefit and marginal cost functions for activity A: MB = 100 - 5AMC = 20 + 3AThe optimal level of A is
A. 40 B. 20 C. 10 D. 0 E. 30