Between 1959 and 2003, the average annual growth rate of real GDP per capita in the United States was about _____
a. 0.1 percent per year
b. 2.2 percent per year
c. 6.7 percent per year
d. 9.3 percent per year
e. 15 percent per year
b
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When economists state that money is neutral in the long run, they mean that in the long run,
A) fluctuations in the money supply are equally likely to lead to recessions as to expansions. B) changes in the money supply have the same impact on the rich as they do on the poor. C) the level of output is independent of the nominal money supply. D) the price level is independent of the nominal money supply.
The primary function of central banks is to:
A. increase risk and volatility to increase compensation. B. increase the uncertainty that firms face in making investment decisions. C. eliminate the need for banks to collect financial information. D. control inflation, as well as help reduce the size and frequency of business cycle fluctuations.
How can a bond mutual fund report a return of over 13% when the coupon rate of the bonds they are holding are just 7% and interest rates are falling?
What will be an ideal response?
Nearly half of the federal government's tax revenues comes from:
A. Social Security payroll taxes. B. Customs, whiskey, and tobacco taxes. C. Individual income taxes. D. Corporate income taxes.