A factor not indicated by the GDP measurement that would tend to raise the standard of living for the same GDP is a(n)
a. increase in population size.
b. rise in the price level.
c. jump in external costs.
d. shift toward production of consumer-oriented goods and services.
d. shift toward production of consumer-oriented goods and services.
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Suppose the Fed buys $1 billion worth of bonds and the required reserve ratio is 5%. In theoretical limit, the money supply could
A) decrease by $5 billion. B) increase by $5 billion. C) increase by $20 billion. D) decrease by $20 billion.
Which Amendment to the Constitution freed slaves?
a. Thirteenth b. Fourteenth c. Sixteenth d. Eighteenth
A monopoly has
a. A perfectly elastic demand curve b. A perfectly elastic supply curve c. A downward sloping demand curve d. A upward sloping demand curve
Sunu Quaid's new home does not contribute to her life-cycle wealth
Indicate whether the statement is true or false