From 1990-2014, productivity growth in the United States was ________ the growth rates of other high-income countries
A) greater than B) equal to
C) greater than for the first 15 years, then less than D) less than
A
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The welfare loss due to a price floor
a. is caused by a decrease in quantity b. is the dollar difference between producer surplus and consumer surplus c. is measured as the area above the market price and below the demand curve d. is measured as the area above both the market price and the supply curve e. is a Pareto improvement
The actions of borrowers and lenders are coordinated by
a. the interest rate in the loanable funds market. b. the government in the resources market. c. businesses in the resources market. d. the interest rate in the goods and services market.
When the Fed chooses to target interest rates, it loses the ability to target monetary aggregates
Indicate whether the statement is true or false
A high Herfindahl-Hirshman Index indicates that an industry ______.
a. has a large number of firms b. is an oligopoly c. has perfect competition d. is competitive