Which of the following would NOT be considered a determinant of marginal productivity?
A) talent
B) gender
C) experience
D) training
B
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A 2 percent increase in income increases the quantity demanded of a good by 1 percent. The income elasticity of demand for this good is _______. The good is a _______ good
A. 2; normal B. –2; inferior C. 1/2; normal D. 2; inferior
When the U.S. banking system collapsed during 1929-1933, the money supply declined dramatically
a. True b. False Indicate whether the statement is true or false
Which of the following is a reason that the Fed does not traditionally attempt to limit asset price bubbles?
a. The Fed's policies cannot be targeted at only one sector of the economy. b. Price changes for one asset or one industry cannot have a substantial impact on the entire economy. c. The FDIC rather than the Fed is responsible for recognizing bad lending practices. d. all of the above
The Bush 2001 tax package included both short-term fiscal stimulus and incentives to encourage long-term savings.
Answer the following statement true (T) or false (F)