Technological progress can be another mechanism which affects economic growth.
Answer the following statement true (T) or false (F)
True
You might also like to view...
What are the problems that arise when a commodity is used as money?
What will be an ideal response?
A deliberate change in the government's deficit
A) constitutes discretionary fiscal policy. B) leads to automatic stabilization. C) acts as a drag on the economy. D) is implemented by the Fed.
Refer to Figure 8.2. Holding other variables constant, an increase in income taxes will result in a
A) movement from point A to point B. B) movement from point B to point A. C) shift from curve S1 to curve S2. D) shift from curve S2 to curve S1.
Special interests are _____ on political issues where they may receive concentrated benefits
a. stable b. cyclical c. rationally ignorant d. not rationally ignorant