The predetermined-money-growth-rate rule states that the annual growth rate in the money supply will be constant at the average annual growth rate of Real GDP
Indicate whether the statement is true or false
False
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An individual's labor supply curve will have a
A) positive slope if the income effect exceeds the substitution effect. B) negative slope if the substitution effect exceeds the income effect. C) positive slope if the substitution effect exceeds the income effect. D) negative slope regardless of whether the substitution effect or income effect is larger.
Which of the following is not characteristic of successful microfinance organizations:
a. close, continuous contact between borrower and lender b. teams of borrowers who put pressure on each other to repay on time c. relatively small loans for short-term projects d. numerous levels of approval required to ensure that loans are sound e. all of the above characterize successful microfinance organizations
Which of the following is correct? a. U.S. International trade represents about 50 percent of U.S. GDP
b. Less than 5 percent of world output is sold in a country different from the one in which it is produced. c. Without tariff protection the number of jobs available to domestic workers would decline. d. The volume of international trade has grown rapidly.
Besides retirement pension issues, ERISA focuses some attention on
A. Ponzi schemes. B. Social Security. C. ensuring employers adequately fund their retiree health care plans (when they have them). D. ensuring employers adequately fund their payroll taxes.