The U.S. rate of productivity growth in the 1970s and 1980s was _____ the rate of productivity growth in the 1960s.
A. twice
B. one and a half times
C. equal to
D. one third
D. one third
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An economy characterized by high unemployment is likely to be
A. having a recessionary expenditure gap. B. having an inflationary expenditure gap. C. experiencing hyperinflation. D. experiencing a high rate of economic growth.
What are the two characteristics that are essential to economic analysis of invention?
A. Fixed costs and public goods B. Fixed costs and private goods C. Variable costs and public goods D. Variable costs and private goods
When a bank receives new deposits, it can make new loans up to the amount of
A) the deposits received. B) the excess reserves generated by the deposits C) the reserves generated by the deposits. D) the required reserves generated by the deposits.
Which of the following firms is considered a monopoly?
A. The U.S. Postal Service B. Taco Bell C. United Airlines D. Macy's Department Store