An increase in real GDP per capita is the strict definition of economic growth that serves to
A. increase the money supply.
B. decrease inflation.
C. increase the population.
D. increase living standards.
Answer: D
You might also like to view...
Which of the following is an objective of macroeconomic stabilization?
(a) eliminating current account deficits. (b) controlling inflation. (c) restoring fiscal balance. (d) all of the above.
Taking actions that reduce risk
A) raise your expected value. B) makes you less risk-averse. C) are impractical in most circumstances. D) change your utility function.
During George W. Bush's presidency
A. the job market was quite robust. B. The United States' federal budget deficit hit a record high. C. the federal budget surpluses in the last years of the Clinton presidency continued. D. we experienced a very high inflation rate.
The scope of the EITC program changed dramatically in
A. 1963. B. 1983. C. 1993. D. 1996.