Refer to Figure 8A.1. The stock of capital no longer increases once the economy reaches point
A) a. B) b. C) c. D) e.
D
You might also like to view...
Consider the market for peanut butter. If there is a decrease in the price of deli turkey slices (a substitute in consumption for peanut butter) along with a decrease in the price of peanut brittle (a substitute in production for peanut butter), the
A) equilibrium price of peanut butter definitely rises. B) equilibrium quantity of peanut butter definitely increases. C) equilibrium price of peanut butter might rise or fall. D) equilibrium price of peanut butter definitely falls. E) equilibrium quantity of peanut definitely decreases.
If business taxes rise in a large open economy, it causes the current account to ________ and saving to ________
A) fall; fall B) rise; remain unchanged C) fall; remain unchanged D) rise; fall
Which of the following is associated with the problem of hyperinflation? a. Money is in short supply
b. The value of money rises dramatically. c. The government runs out of money. d. People look for alternatives to using money. e. People start to hold on to money for long periods of time.
An intended goal of contractionary fiscal policy and a tightening of monetary policy is
A. an increase in the price level. B. an increase in interest rates. C. a decrease in the level of aggregate output. D. a decrease in the unemployment rate.