Money demand behavior may
A) change as a result of demographic trends or financial innovations such as electronic cash-transfer facilities.
B) change only as a result of demographic trends.
C) change only as a result of financial innovations such as electronic cash-transfer facilities.
D) not change as a result of demographic trends or financial innovations such as electronic cash-transfer facilities.
E) change as a result of demographic trends but not as a result of financial innovations such as electronic cash-transfer facilities.
A
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In the above table, the size of the labor force is
A) 210 million. B) 155 million. C) 140 million. D) 100 million.
The value of depreciation of the economy's capital stock, you find the inflation 10 %, nominal 14, economic 8 %. What is real?
A. 14 B. 6 C. 24 D. 4 E. 2
Suppose an economist collects the following data between May and December of a given year: gasoline prices rose sharply, consumer incomes remained constant, consumers purchased more fuel efficient vehicles than in the previous year, the size of the population did not change, sales of gasoline decreased by 15 percent. Which of the following theories could be tested with this information?
A. When the price of gasoline rises, gasoline purchases fall. B. When consumer incomes rise, gasoline purchases rise. C. When the population increases, purchases of fuel efficient vehicles increase. D. No economic theory could be tested with this information.
Invention and innovation are not the same thing. ______ are useless until _______ transforms them into goods and services that people find valuable.
Fill in the blank(s) with the appropriate word(s).