To economists, investment means buying stocks and bonds
a. True
b. False
Indicate whether the statement is true or false
False
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Refer to the scenario above. In equilibrium, ________
A) Mathew will choose good and Peter will choose bad B) Peter will choose good and Mathew will choose bad C) both Mathew and Peter will choose bad D) both Mathew and Peter will choose good
The higher the marginal propensity to consume, the
A) smaller will be the simple multiplier. B) more insulated will be consumption spending from exogenous shocks to the economy. C) less effective will be any given monetary or fiscal policy. D) more unstable the economy will be.
The labor force participation rate is defined as
A) the percentage of the working-age population that is unemployed.
B) the percentage of the working-age population that is employed.
C) the percentage of the labor force that is employed.
D) the percentage of the labor force that is unemployed.
E) the percentage of the working-age population in the labor force.
Suppose that an economy's labor productivity and total worker-hours each grew by 3 percent between year 1 and year 2. We could conclude that this economy's:
A. real GDP remained constant. B. capital stock increased by 3 percent. C. production possibilities curve shifted inward. D. production possibilities curve shifted outward.