Over the last half-century, which of the following countries has had the highest growth rate of output per capita?
A) Japan
B) France
C) United Kingdom
D) United States
A
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Dissaving occurs when
A. income is greater than saving. B. saving is greater than the interest rate. C. saving is greater than consumption. D. income is less than consumption.
When the demand for money depends only on real income, the resulting ________ LM curve causes fiscal policy to have a ________ effect on income
A) vertical, very strong B) vertical, zero C) horizontal, very strong D) horizontal, zero
Figure 4-17
Refer to . If the government imposes a price ceiling in this market at a price of $5.00, the result would be a
a.
shortage of 20 units.
b.
shortage of 10 units.
c.
surplus of 20 units.
d.
surplus of 10 units.
It is possible to purchase diplomas from diploma mills. The situation in which the degrees are more important than the knowledge they are supposed to represent is called:
A. accreditation. B. credentialism. C. cretinism. D. diplomacy.