In a country that is experiencing economic growth at 7 percent per year, per capita income will double in approximately
a. seven years.
b. ten years.
c. fourteen years.
d. twenty-one years.
B
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What do we need to assume about firms in the sticky price model?
A) They accommodate any demand at the given price. B) They hire until the real wage equals the average labor productivity. C) They maximize only current profits. D) They adapt the price to current conditions.
The principal mechanism for directly changing the reserves of the banking system is:
A. The discount rate. B. The reserve requirement. C. Open-market operations. D. The federal funds rate.
What would be the impact of leverage on the expected return and standard deviation of purchasing an asset with 10% of the owner's funds and 90% borrowed funds?
What will be an ideal response?
Which of the following is not part of the process of creating an internal job structure?
A. Collect and summarize work content information B. Determine what to value C. Quantify the relative value D. Assess the cost of the product or service