Which of the following was not one of the likely causes of the productivity problem of the 1970s?
A. an increase in research and development spending
B. a reduction in government regulation
C. rapid growth in investment spending
D. all of the above
Answer: D
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Assume the inflation rate falls from 4 percent to 2 percent. This means that
A) the price level has fallen. B) the price level is increasing more slowly. C) the economy is experiencing deflation. D) real GDP is decreasing.
Suppose that the current equilibrium price of gasoline is $3.50 per gallon and that the government passes a law that requires the price to be no more than $3 per gallon. What will be the effects?
What will be an ideal response?
If the real interest rate is 6.8% and the inflation rate is 3.9%, what is the nominal interest rate?
Suppose a country's debt rises by 6% and its GDP rises by 5%. What happens to the debt-GDP ratio?
A) It rises if there is a budget deficit that period. B) It falls. C) It rises. D) There is insufficient information to answer the question.