The benefits of economic growth are ________, while the costs of economic growth are ________.
A. increased output per person; too small for concern
B. more current consumption; less future consumption
C. increased output per person; less future consumption
D. increased output per person; the consumption sacrificed in exchange for capital formation
Answer: D
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Arguments against the balanced budget amendment include which of the following?
A) A balanced budget amendment would increase capital formation. B) A balanced budget amendment would exert fiscal discipline on the federal government. C) A balanced budget amendment would limit Congress' ability to use fiscal policy during a recession. D) A balanced budget amendment would reduce the taxation burden on future generations.
The spending multiplier is:
a. 1 / (1 ? MPC). b. 1 ? MPC. c. MPC. d. MPC / (1 ? MPC).
Answer the question based on the following information on the banking system. Deposits at the central bank = 200 U.S. Government Securities = 600 Checking Deposits = 1,700 Loans = 800 Stockholder's Equity = 70 Other Assets = 450 Other Liabilities = 230 Borrowing from the central bank = 100 Cash in the Vault = 50 The reserve ratio on transactions deposits = 10% The banking system's excess reserves
equal: a. 0 b. 134 c. a multiple of 250 d. 1,584 e. None of the above is correct
Stock represents
a. a claim to a share of the profits of a firm. b. ownership in a firm. c. equity finance. d. All of the above are correct