If in some year gross investment was $120 billion and net investment was $65 billion, then in that year the country's capital stock:
a) may have either increased or decreased.
b) increased by $65 billion.
c) increased by $55 billion.
d) decrease
b) increased by $65 billion.
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The nation's structural unemployment will increase when
A) bad economic policies send the economy into a recession. B) there is influx into the labor market of new college graduates. C) there is an increase in post-Christmas layoffs of workers. D) an increase in textile imports displaces older textile workers who do not have the skills necessary to find new jobs.
The more excess reserves banks choose to keep,
A) the larger the deposit multiplier. B) the smaller the deposit multiplier. C) the lower the required reserve ratio. D) the higher the required reserve ratio.
A contract between a bee keeper and an orchard farmer usually break because of the high cost of writing the contract
Indicate whether the statement is true or false
Anti-trust law
a. has been used to create monopolies b. has been used to eliminate patents and copyrights c. has been used to maximize producer surplus d. should not be used to break up a monopoly that results from network externalities e. has been used to break up monopolies