Sustained economic growth occurs when workers' productivity rises
a. True
b. False
Indicate whether the statement is true or false
True
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The figure above shows the demand for fruit snacks. Which movement reflects an increase in the price of a complement for fruit snacks?
A) from point a to point e B) from point a to point b C) from point a to point c D) from point a to point d
In the late 18th century, England:
a. passed laws prohibiting the export of new industrial machinery. b. tried to discourage labor pirating. c. was the second largest producer of manufactured goods in the world. d. successfully prevented technology transfer to the U.S. e. Both a and b are correct.
The IS-LM model predicts that a temporary beneficial supply shock
A. increases output, national saving, and the real interest rate, but not investment. B. increases output, national saving, and investment, but not the real interest rate. C. increases output, national saving, investment, and the real interest rate. D. increases the real interest rate, investment, and output, but not national saving.
With graph on interest rate and planned investment (downward sloping): Planned investment could decrease from $12 million to $8 million if
A) the government increases government purchases. B) the Fed increases the money supply. C) the government reduces government purchases. D) the government increases net taxes.