According to the text, much of the increase in productivity that has occurred more recently in the fast food industry was the result of improvements in capital and technology
Indicate whether the statement is true or false
TRUE
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Suppose that the capital stock initially is 1000, the depreciation rate is 0.08, and investment is 220. This makes the net growth of the capital stock
A) 300. B) 237.6. C) 202.4. D) 140.
Which of the following would be cures for the U.S. trade deficit?
a. Americans saving less and spending more b. a severe recession in Europe and Asia c. a severe recession in the United States d. a tax cut e. All of the above are correct.
Suppose the government increases government purchases and there is some crowding out. As a result
A) the rightward shift of the aggregate demand curve due to increased government purchases is reinforced by the crowding out effect. B) the rightward shift of the aggregate demand curve due to increased government purchases is offset to some degree by the crowding out effect. C) the rightward shift of the aggregate demand curve due to increased government purchases is completely offset by the crowding out effect. D) the aggregate demand curve shifts right due to increased government purchases and the short- run aggregate supply curve shifts left due to the crowding out effect.
For a given domestic and foreign price level, a decrease in the nominal exchange rate ________ the real exchange rate.
A. may either increase or decrease B. decreases C. offsets any change in D. increases