Output per worker tends to be higher in countries with
a. low-quality infrastructures
b. high-quality infrastructures
c. perfectly competitive labor markets
d. low taxes
e. free riders
B
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Which of the following could result in a recession?
A) a rise in the price of oil B) an increase in investment C) a tax cut D) an increase in the quantity of money E) an increase in government expenditures on goods and services
Both the precautionary and asset demand for money are influenced by
A) the U.S. Treasury. B) the interest rate. C) gold prices. D) none of the above.
How has the pattern of movements in the U.S. price level changed since World War II?
A. The annual rate of inflation has never risen above 3 percent. B. The price level has become more volatile. C. Periods of deflation have largely been eliminated. D. Periods of inflation have largely been eliminated.
Identify three factors that affect consumer spending. How does a change in consumer spending affect aggregate demand?
What will be an ideal response?