Which of the following would have the biggest payoff?
A) increasing the Okun Gap
B) restoring real GDP growth to its 1960s growth rate
C) making the Okun Gap equal the Lucas Wedge
D) eliminating the Okun Gap
E) increasing the Lucas Wedge
B
You might also like to view...
Economic growth depends more on technological change than on increases on capital per hour worked
Indicate whether the statement is true or false
Which of the following is least likely to be a reason for the difficulty in measuring poverty across countries?
a. Different currencies b. Different customs c. Different living arrangements d. Different trade balances e. Limited data
The way in which most persons pay their personal income tax is in the form of
a. quarterly payments throughout the year. b. annual payment by April 15. c. monthly payments as part of mortgage payments. d. payroll withholding during the year.
If nominal GDP is $300 billion and the velocity is 3, the stock of money is $900 billion.
Answer the following statement true (T) or false (F)