Other things the same, if a country raises its saving rate, when is productivity growth higher?
a. as the economy moves toward the long run and in the long run.
b. as the economy moves toward the long run, but not in the long run.
c. in the long run, but not as the economy moves toward the long run.
d. neither as the economy moves toward the long run, nor in the long run.
b
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Why does scarcity lead to the "what," "how," and "for whom" questions?
What will be an ideal response?
Mutual funds give individual investors a low-cost way to diversify
Indicate whether the statement is true or false
If a monopolist produces to a point at which marginal revenue is more than marginal cost then
A) the firm should increase output. B) the firm should reduce output. C) the firm is maximizing profits. D) we do not know if the firm should increase or reduce without more information.
For an actual economy, total expenditures on goods and services by households does not equal GDP because a. household spending exceeds their incomes
b. household expenditures on goods and services falls short of GDP, since household save for the future. c. household expenditures include only goods, since services are intangible and cannot be measured accurately. d. household expenditures on goods and services are made using borrowed funds.