In the Keynesian causal chain, changes in GDP cause changes in the level of interest rates.
Answer the following statement true (T) or false (F)
False
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A government policy that would raise the rate of productivity growth is
A) shifting infrastructure expenditures to the private sector. B) taxing expenditures on research and development. C) reducing the government budget surplus. D) improving human capital development.
The slope of a line is equal to the change in the x-variable divided by the change in the y-variable
a. True b. False Indicate whether the statement is true or false
We can estimate that if a country grows at 7 percent per year, it will double its real GDP per capita in:
A. 2 years. B. 20 years. C. 10 years. D. 35 years.
Every wealthy society the world has ever known is characterized by?
A. exploitation of the weak by the strong. B. extensive destruction of the environment. C. extensive specialization or division of labor. D. highly unequal distributions of income.