Economic stagnation coupled with high inflation is commonly called:
A. stagflation.
B. inflationary stagnation.
C. stagnatory growth.
D. inflagnation.
Answer: A
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In new growth theory, the source of economic growth is ______.
A. more leisure B. new and better jobs C. the persistent want for a higher standard of living D. an ever increasing growth rate of capital per hour of labor
The attempt to capture consumer surplus, producer surplus, or economic profit is called ________
A) a natural monopoly B) price discrimination C) rent seeking D) gouging
The accumulation of money that a government has borrowed over time but has not yet paid back is a: a. government outlay. b. government debt
c. government deficit. d. government surplus.
Which of the following is included in M2 but not in M1?
a. currency b. demand deposits c. savings deposits d. All of the above are included in both M1 and M2.