The role of _______ in the production process is central to why the United States is rich and most of the rest of the world is poor.
A. Labor
B. Land
C. Capital
D. Government
C. Capital
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An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease
M1 is usually larger than M2
Indicate whether the statement is true or false
Henry Ford is most recognized for:
a. inventing new technology to further the steel production process. b. developing the first investment banks. c. implementing the first progressive, moving assembly-line system for large, complex final products. d. playing an integral role in developing the first American factory.
The parity principle stems from
a. a manager delegating a task b. union pay negotiations c. one-way communication d. none of the above