Over the past five years, the population growth rate in Kabir’s country has been rising rapidly. How is this most likely impacting the country’s capital stock?
a. Capital stock per worker is increasing.
b. Capital stock per worker is fluctuating rapidly.
c. Capital stock per worker is declining.
d. The population growth rate is not affecting the country’s capital stock.
c. Capital stock per worker is declining.
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Using the information in the table above, what does the slope of the line between x and y equal?
A) 5 B) -0.5 C) 2 D) -2
In the equation of exchange, the concept that provides the link between M and PY is called
A) the velocity of money. B) aggregate demand. C) aggregate supply. D) the money multiplier.
The MPC is
A. .1.
B. .2.
C. .3.
D. .4.
The production possibilities frontier slopes downward and to the right because of limited resources
a. True b. False Indicate whether the statement is true or false