Productivity growth rates in the United States have remained fairly constant from 1948 to 2000
a. True
b. False
Indicate whether the statement is true or false
False
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Overall limits on an economy's ability to use capital are its
a. absorptive capacity b. budget deficit c. capital flight d. disequilibrium interest rate e. all of the above
Do Keynesians and classicals agree on the effectiveness and desirability of macroeconomic stabilization? Briefly explain
What will be an ideal response?
The first bottle of water increases Clarke's utility by 20 utils. The second bottle of water increases utility by 18 utils. The third bottle of water increases his utility by 15 utils. The marginal utility of the third bottle of water is 3 utils
a. True b. False Indicate whether the statement is true or false
Changes in the GDP deflator reflect only changes in the prices of goods and services
a. True b. False Indicate whether the statement is true or false