A technological change ________ and a change in the capital stock ________
A) shifts the productivity curve; shifts the productivity curve
B) shifts the productivity curve; creates a movement along the productivity curve
C) creates a movement along the productivity curve; shifts the productivity curve
D) does not change the productivity curve; creates a movement along the productivity curve
E) does not change the productivity curve; shifts the productivity curve
B
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By the 2000s, investment banks had become significant participants in the secondary market for mortgages
Indicate whether the statement is true or false
Which of the following statements about U.S. inflation is not correct?
a. Low inflation was viewed as a triumph of President Carter's economic policy. b. There were long periods in the nineteenth century during which prices fell. c. The U.S. public has viewed inflation rates of even 7 percent as a major economic problem. d. The U.S. inflation rate has varied over time, but international data show even more variation.
Supposed people anticipate inflation will be 3 percent during the next several years. If this is true, when the real interest rate is 4 percent, what will be the nominal (money) interest rate?
What will be an ideal response?
Which of the following changes will shift the money demand curve rightward?
What will be an ideal response?