The relationship between the growth rate of an economic variable, gt, and its level, yt, can be approximated by

A) gt = yt - yt - 1.
B) gt = logt - log yt - 1.
C) yt = log gt - log gt - 1.
D) log gt = yt - yt - 1.


B

Economics

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The years from 1945 to 1973 are notable for ________

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Suppose that the government wants to increase income without changing the interest rate. How can they accomplish this?

a. Increase government spending and reduce the money supply. b. Increase government spending and the money supply. c. Increase taxes and the money supply. d. Reduce government spending and increase the money supply.

Economics

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Economics