Which of the following factors are included in the determination of growth rates of output in the intermediate run?
a. Variations in the rates of capital formation.
b. Growth in the labor force that results from growth in the working age population as well as changes in labor force participation rates.
c. Variations in the rate of technological change.
d. All of the above
e. None of the above
D
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Any target value of the nominal interest rate chosen by the Federal Reserve implies a specific value for ________.
A. potential output B. the budget deficit C. government purchases D. the money supply
In the figure above, suppose that $20 is the market equilibrium price. Which area is the consumer surplus?
A) A B) B C) A + B D) B - A E) B รท A
The only Giffen goods that have been identified so far in the real world are luxury goods
Indicate whether the statement is true or false
Humphrey Gilbert was an explorer from _____
a. England b. France c. Holland d. Portugal e. Spain