The Federal Reserve has been quite successful in keeping the inflation rate low for the past 20 years
a. True
b. False
A
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In the classical model, the level of business investment was a function of
a. only the expected profitability of investment projects. b. only the real interest rate. c. both the expected profitability of investment projects and the real interest rate. d. only the nominal interest rate. d. None of the above
If population is expanding at the same rate as a country's real output: a. real per capita output would increase
b. real per capita output would remain unchanged. c. the production possibilities curve for the country as a whole will be shifting outward. d. both (b) and (c) would be true.
Regarding U.S. health care costs, it is correct to say that: a. Americans pay more for health care than people in other developed countries
b. U.S. health care costs are growing faster than the growth in other countries. c. The level of health care costs are the source of fiscal pain that societies around the globe are experiencing. d. All of these statements are true.
Which of the following is an example of human capital?
a. textbooks b. hand held power tools c. knowing how to repair cars d. All of the above are correct.