Potential output depends on all of the following except:
A. the size of the capital stock.
B. the number of firms in the economy.
C. the number of people who can work.
D. technology.
Answer: B
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Use the following graph for the federal funds market to answer the next question.
A $25 billion increase in reserves will change the interest rate to ________.
A. 3.5% B. 4.0% C. 3.0% D. Undeterminable with the provided information.
When John F. Kennedy said, "A rising tide lifts all boats," to what was he referring?
a. With government intervention, all citizens receive a greater allocation of resources. b. With market forces working independently, everyone receives an equitable share of resources. c. With economic growth, more families are pushed above the poverty line. d. None of the above are correct.
Fuel and shipping costs are examples of __________ costs.
Fill in the blank(s) with the appropriate word(s).
Common property is
A. a resource that everyone is free to use as much as they want. B. generic property as opposed to specific property. C. property owned by a group such as a club or a church. D. property that belongs to both spouses in a marriage.