If the public takes funds from currency in circulation and deposits them into their checking accounts, the:
a. Monetary base and M2 money multiplier rise.
b. Monetary base and M2 money multiplier fall.
c. Monetary base and M2 money multiplier do not change.
d. Monetary base falls, and M2 money multiplier rises.
e. Monetary base does not change, and M2 money multiplier rises.
.E
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Which expression best represents the break-even level of investment when incorporating labor-augmenting technological change into the Solow growth model?
A) (d + n + g)k B) (d + n)k C) (d + n ) / (k + g) D) (d + n + k) / (gk)
Economists define an aggregate as
a. a concrete object. b. a specific principle. c. a representative good or service. d. a useful abstraction. e. something immeasurable.
Use the following table to answer the next question.YearReal GDPPopulation2008$20,000200200940,000400201060,000400201170,000500Real GDP per capita ________ between 2010 and 2011.
A. remains constant B. increases C. decreases D. cannot be calculated
Based on the graph showing the effective federal funds rate, the downturn in interest rates after the 2001 recession lasted ______.
a. a shorter time than most downturns
b. a longer time than most downturns
c. about the same time as most downturns
d. five years longer than any previous downturn