In which of the following periods did average labor productivity in the United States grow the fastest?
A) 1929 to 1935
B) 1949 to 1973
C) 1973 to 1995
D) 1995 to 2008
B
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The theory of investment that links investment spending to stock prices is known as the
A) multiplier model. B) accelerator model. C) neoclassical theory of investment. D) Q-theory of investment.
Using present value to calculate stock prices is ________ than using present value to calculate bond prices because ________
A) less accurate; coupon payments for bonds are known with certainty but dividend payments for stocks are not B) more accurate; coupon payments for bonds are known with certainty but dividend payments for stocks are not C) less accurate; dividend payments for stocks are known with certainty but coupon payments for bonds are not D) more accurate; dividend payments for stocks are known with certainty but coupon payments for bonds are not
Government attempts to lower, raise, or simply stabilize prices can:
A. shift the distribution of surplus. B. create unintended side effects. C. reduce efficiency of a market. D. All of these are true.
Based on our understanding of the IS-LM model that takes into account dynamics, we know that an increase in government spending will cause
A) a gradual increase in i and gradual increase in Y. B) an immediate increase in Y and immediate drop in i. C) an immediate increase in i and no initial change in Y. D) a gradual increase in i and an immediate increase in Y.