The business cycle is the same thing as economic growth.
a. true
b. false
Answer: b. false
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When cash is deposited in a checkable-deposit account at a bank, there is a(n)
A. increase in the bank's liabilities. B. increase in the money supply M1. C. decrease in the money supply M1. D. increase in the bank's net worth.
The short-run Phillips curve shifts from SRPC0 to SRPC1 as a result of
A) a fall in the expected inflation rate. B) an increase in the natural unemployment rate. C) a rise in the expected inflation rate. D) a decrease in the natural unemployment rate. E) None of the above answers is correct.
Because of the productivity slowdown in the United States from the mid-1970s through the mid-1990s,
A) the standard of living increased in the United States. B) real GDP per capita grew more rapidly. C) real GDP per capita grew more slowly. D) the standard of living did not change.
To compute the present value of a future value, you must know the ________ and the ________.
A. interest rate; time period B. compounding interest; time period C. interest rate; compounding interest D. None of these statements is true.