If GDP included the value of leisure time, the value of U.S. GDP would most likely increase
Indicate whether the statement is true or false
TRUE
You might also like to view...
The MP curve indicates the relationship between ________ and the ________
A) taxes; price level B) the real interest rate; inflation rate C) monetary policy; IS curve D) all of the above E) none of the above
In the money and credit expansion process, the total change in checkable deposits is equal to the initial change in excess reserves _____
a. multiplied by the required reserve ratio b. plus the change in required reserves c. divided by the reciprocal of the required reserve ratio d. multiplied by the reciprocal of the required reserve ratio e. divided by the change in required reserves
Asymmetric information generally leads to efficient resource allocation.
Answer the following statement true (T) or false (F)
As noted in the text, which of the following was used by Nintendo to control the video game market?
a. a natural monopoly b. economies of scale c. a government franchise d. exclusive licensing