Refer to Figure 15-15. In the figure above, suppose the economy in Year 1 is at point A and is expected in Year 2 to be at point B. Which of the following policies could the Federal Reserve use to move the economy to point C?
A) decrease income taxes B) sell Treasury bills
C) decrease the required-reserve ratio D) buy Treasury bills
B
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If a good can be consumed by one person without reducing its availability to others, then it is a ________ good.
A. pure public B. nonrival C. nonexcludable D. common
Structuralists take the position that:
A. the rule of reason is appropriate and desirable in interpreting the Sherman Act. B. only unreasonable anticompetitive acts should be regarded as violations of the antitrust laws. C. industries should be judged on the basis of their technological progress and their price- output behavior. D. an industry that is highly concentrated will behave monopolistically.
Residential structures and inventories are examples of tangible capital.
Answer the following statement true (T) or false (F)
Answer the following statements true (T) or false (F)
1. There tends to be a high positive correlation between the rate of productivity growth and the rate of economic growth. 2. There tends to be a positive correlation between real wages of workers and the productivity of labor in the economy. 3.Global competition has tended to slow down the rate of productivity growth in the United States. 4. Simultaneous consumption and network effects are sources of increasing returns and economies of scale that promote productivity growth.