According to studies using international data, an increase in the saving rate
a. does not increase the growth rate of output.
b. increases the growth rate of output for a few years.
c. increases the growth rate of output for about a decade.
d. increases the growth rate of output for several decades.
d
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A professional gambler moves from a state where gambling is illegal to a state where gambling is legal. Most of his income was, and continues to be, from gambling. His move
a. raises GDP. b. decreases GDP. c. doesn't change GDP because gambling is never included in GDP. d. doesn't change GDP because in either case his income is included.
What is the consensus among economists and other monetary policy experts regarding the usefulness of the monetary policy instruments available to central banks in normal times?
What will be an ideal response?
The 2017 price level in Great Britain was relatively higher than the price level in the United States. Thus, a U.S. manufacturing facility looking to buy coal for its plant would most likely buy coal at home in the United States.
Answer the following statement true (T) or false (F)
Members of the Federal Reserve System's Board of Governors
A) are elected for life. B) hold 14-year staggered terms. C) are a special subcommittee of the Senate. D) are elected at large by district banks.