The supply of resources, level of technology, and the quality of an economy's institutional arrangements provide the constraint that determines the shape of the
a. short-run aggregate supply curve.
b. long-run aggregate supply curve.
c. supply of loanable funds.
d. aggregate demand curve.
B
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Based on Table 9.2, total savings, private plus public, is equal to
A) 3 percent of GNP. B) 18 percent of GNP. C) 16 percent of GNP. D) 20 percent of GNP. E) None of the above.
In the long run, all costs are considered variable
a. True b. False Indicate whether the statement is true or false
Commercial banks increase the supply of money when they purchase either personal IOUs or government bonds from businesses and households.
Answer the following statement true (T) or false (F)
If a candidate for political office was espousing a "pro-growth" agenda and was focused on decreasing government regulations, this would have its greatest impact on growth through which source?
A. An increase in the productivity of workers B. An increase in economic freedom C. An increase in the number of workers D. None of these