The federal government debt as a percentage of GDP did not rise
A) during World War II. B) during the 1980s.
C) during the Great Depression. D) during the 1960s.
D
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Based on the following data for the country of Tiny Town, the employment-to-population ratio equals ________ multiplied by 100. Population = 200 Working age population = 100 Labor Force = 90 Number of employed persons = 75
A) 90/100. B) 75/200 C) 90/200. D) 75/100.
The existence of a liquidity trap implies that
A) a decrease in the interest rate might not increase investment spending. B) an increase in the demand for money will be followed by an equal increase in the supply of money. C) an increase in the supply of money may not lower interest rates. D) a and c
If a nation’s productivity grows by 3% rather than 1.5% over many years, what will be the difference in the nation’s standard of living? Explain.
What will be an ideal response?
Benefits today cannot be directly compared with costs in the future because:
A. money today is worth more than money in the future. B. people do not have perfect willpower and will waste money today. C. investments aren’t always profitable. D. more information is needed to make investment decisions than is typically available.