Those that believe that the recent period of slow growth will pass and that higher levels of growth can be anticipated
A. believe we have to get used to slower growth and hope for the best.
B. have blind faith and not much else.
C. believe that the causes of older growth (increases in the labor force participation rate and the use of energy to replace people power) are still available.
D. believe we are on the cusp of a period of new (artificial intelligence-based) innovations.
Answer: D
You might also like to view...
When you set aside the money you have today in order to purchase goods and services later on, you are using money as a
A) store of value. B) medium of exchange. C) standard of deferred payment. D) unit of accounting.
The economy has gone into a recession. You have majored in computer science and, because of the recession, have difficulty in finding a job. Should you go back to school and get a second major?
A) No, the recession will have no impact on my ability to get a job or my future income. B) Yes, the recession will lower income in my field permanently. C) No, the recession will most likely be short-lived and I can get a job after it is over. D) Yes, the recession will ensure that you will never find a job as a programmer.
The distinction between real and nominal shocks is that
A. real shocks directly affect only the FE line, but not the LM curve. B. real shocks have a large direct effect on the IS curve and the FE line, but only a small direct effect on the LM curve. C. real shocks directly affect only the IS curve, but not the FE line or LM curve. D. real shocks directly affect only the IS curve or the FE line, but not the LM curve.
Which of the following defines marginal utility?
A. The change in total utility divided by the price of a product B. The maximum amount of satisfaction from consuming a product C. The total satisfaction derived from a certain amount of the product D. The additional satisfaction from consuming one more unit of a product