Endogenous growth theory supports the conclusion that ________
A) government spending cannot influence the level of research and development
B) increased government spending on research and development is counterproductive
C) per capita income growth is a function of real factors, such as the supply of money
D) increased government spending on research and development is useful
D
You might also like to view...
Refer to the table above. The gross domestic product of the country is ________
A) $402,000 B) $452,000 C) $554,000 D) $352,000
When the total value of final goods and services is calculated using current prices, the resulting measure is referred to as
A) real GDP. B) the GDP deflator. C) nominal GDP. D) the index of leading indicators.
The long-run neutrality of money refers to the fact that in the long run, monetary policy
A) changes only real output. B) changes only the real interest rate. C) changes both real output and the real interest rate. D) has no effect on either real output or the real interest rate.
A major reason for the existence of inflationary and deflationary gaps is that
a. corporations do most of the nation's saving. b. saving and investing are done by people with no social conscience. c. consumers do most of the nation's saving. d. saving and investing are done by different groups.