Using AK growth models and assuming that the labor force is fixed at the value of 1,
A) real GDP per worker is greater than real GDP per capita.
B) real GDP per capita is less than real GDP.
C) real GDP is greater than real GDP per worker and real GDP per capita.
D) there is essentially no difference in real GDP, real GDP per worker, and real GDP per capita.
D
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A private good is ________ and ________
A) rival; excludable B) nonrival; excludable C) rival; nonexcludable D) nonrival; nonexcludable
When the government increased spending during the 1930s in an attempt to create jobs and end the Great Depression, it provided an example of expansionary
(a) fiscal policy. (b) monetary policy. (c) regulatory policy. (d) welfare policy.
Unemployment insurance:
A. varies widely across countries. B. has a set minimum in the US. C. is typically 32 weeks in the US, except for times of unusually high unemployment. D. All of these are true.
An economy currently has an inflationary gap. An increase in the money wage rate will ... the inflationary gap and ... the price level
What will be an ideal response?