From 1990 to 2004, among developed countries, a 1 percentage point increase in productivity growth was associated with increased per capita GDP growth of
A. 1.50%.
B. 0.30%.
C. 0.01%.
D. 3.00%.
Answer: B
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Social Security benefits have played an important role in the improved economic status of the elderly over time.
A. True B. False C. Uncertain
The market where banks borrow from other banks for short periods of time is the:
a. discount market. b. federal funds market. c. inter-bank loan market. d. national bank market. e. liquidity market.
Crowding out is when government borrowing and spending result in __________ interest rates, which reduces business investment and household consumption.
a. flat b. higher c. lower d. reduced
Centrally planned economies are able to cope with environmental pollution issues much better than capitalist countries
a. True b. False Indicate whether the statement is true or false