What does the structural stagnation hypothesis say about how soon the economy will return to its trend growth?
A. The economy has already returned to its previous trend growth rate.
B. It will be a long time before the economy returns to its previous trend growth rate.
C. The economy will never return to its previous trend growth rate.
D. The economy will return to its previous trend growth rate soon.
Answer: B
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While demand shifts have an effect on equilibrium price and quantity, supply shifts have no such effect.
Answer the following statement true (T) or false (F)
The federal funds rate is:
a. the minimum amount of reserves the Fed requires a bank to hold. b. the interest rate that the Fed charges banks who borrow from it. c. the interest rate on loans made by banks to other banks d. the maximum percentage of the cost of a stock that can be borrowed from a bank, with the stock offered as collateral. e. an appeal by the Fed to banks, asking for voluntary compliance with the Fed's wishes.
One problem with average cost pricing for a natural monopoly is that
a. it requires a side payment b. maximizes the firm's revenue c. makes the firm's total cost equal to zero d. maximizes the firm's profit e. it provides no incentive for the firm to economize on capital
The distinctive feature of a progressive tax is that the dollar value of taxes paid rises as income rises
Indicate whether the statement is true or false