The potential growth rate is sometimes also called the ________ of the economy.
A. stop point
B. peak
C. speed limit
D. breaking point
Answer: C
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Capital deepening refers to: a. an increase in the amount of capital per worker
b. an increase in the amount of workers per unit of capital. c. a decrease in the amount of capital per unit of output. d. an increase in the amount of output per unit of capital. e. an increase in the productivity of capital.
Faced with a large federal budget deficit, the government decides to decrease expenditures and tax revenues by the same amount. This action will affect output and interest rates in which of the following ways?
A) Increase/Increase B) Increase/Decrease C) no change/Decrease D) Decrease/Increase E) Decrease/Decrease
In the aftermath of the terrorist attacks of September 11, 2001, ________ banks failed because of the disruption to business on Wall Street.
A. no B. 50 percent of all C. 1 in 10 D. only 2
Who said, "It is not the employer who pays wages; he only handles the money. It is the product that pays wages."
A. Henry Ford B. Karl Marx C. Jackson Martindell D. Studs Terkel