What are the two primary sources of economic growth in China since 1980?
What will be an ideal response?
The relatively high output growth in China has occurred as a result of capital accumulation and technological progress.
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Fred and Wilma just had a baby girl and want to make sure they save enough in the future to send her to college. They begin to save in response to this ________ reason for saving.
A. bequest B. life-cycle C. precautionary D. private
Much of macroeconomics is concerned with advising governments on ways to ________ business cycles, since it is desirable to ________
A) amplify, create the greatest cyclical peaks possible B) amplify, create deep recessions to cool down the economy C) dampen, avoid both very low troughs and very high peaks D) dampen, keep the economy at its maximum productive capacity
What are the major factors that determine investment, and what impact does each have on aggregate demand?
Federal spending in nominal dollars (that is, dollars not adjusted for inflation) has grown by what multiple from 1960 to 2014?
a. 10 b. 23 c. 30 d. 38