In the United States, the main contributor to economic growth is due to the growth in
A) physical capital.
B) education (human capital).
C) labor resources.
D) capital and labor productivity.
C
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Refer to the scenario above. Phillip should play this game using ________
A) backward induction B) forward induction C) mixed strategies D) his dominated strategy
If net exports increases, but neither government expenditure nor net taxes change, saving must increase
Indicate whether the statement is true or false
If the aggregate demand curve shifts to the left in the short run then the long-run equilibrium will be at a:
A. higher price level and higher level of output. B. higher price level and lower level of output. C. lower price level and same level of output. D. lower price level and lower level of output.
Suppose the reserve requirement is 5 percent. How much would reserves need to be initially increased to eventually increase the money supply by 1,000?
A. 500 B. 250 C. 50 D. 25