From 2008 to 2012 both U.S. saving and U.S. investment fell
a. True
b. False
Indicate whether the statement is true or false
True
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The Solow residual is
A) the waste from the production process. B) the most common measure of productivity shocks. C) a measure of the efficiency of the production process. D) a measure of the proportion of involuntarily unemployed workers.
Fiscal and monetary policies adopted by the Carter administration in the first half of his term resulted in:
a. stable prices and low unemployment. b. deflation. c. a rapid rise in the inflation rate. d. a balanced federal budget.
The function of economic institutions is to:
a. determine the profit margin of producers. b. determine how much an economy benefits from trade. c. define the environment in which we can trade. d. define the terms of trade between nations.
What is a hierarchy?