The United States has a much higher national debt as a percentage of GDP compared to other industrialized nations

a. True
b. False
Indicate whether the statement is true or false


False

Economics

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All of the following can cause technological progress EXCEPT

A) population decreases. B) free trade. C) education. D) research and development.

Economics

In the short run, changes in output can only be brought about by a change in the quantity of variable inputs

Indicate whether the statement is true or false

Economics

Everything else held constant, an increase in the required reserve ratio on checkable deposits causes the M1 money multiplier to ________ and the money supply to ________

A) decrease; increase B) increase; increase C) decrease; decrease D) increase; decrease

Economics

Prices under an ideal cartel situation will be equal to

A) monopoly prices. B) competitive prices. C) prices under monopolistic competition. D) marginal cost.

Economics