Technological progress leads to which of the following?
(A) An increase in efficiency.
(B) Lower savings rates.
(C) A decrease in efficiency.
(D) A loss of interest in human capital.
Ans: (A) An increase in efficiency.
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The above table presents data for the nation of Economica
a. What is the aggregate planned expenditure and unplanned inventory change at each level of real GDP? b. At what level of real GDP is equilibrium expenditure achieved?
Which of the following government programs provides recipients with unrestricted cash payments?
a. Temporary Assistance to Needy Families (TANF). b. Medicaid. c. The food stamp program (SNAP). d. Housing assistance programs.
In 2015, which of the following were prominent exports of the U.S.?
A. financial services B. transportation equipment C. petroleum D. all of the answers are correct
At the equilibrium level of real gross domestic product (GDP), unplanned inventory adjustment equals
What will be an ideal response?