Refer to Table 9-19. Looking at the table above, what is the rate of growth of the average price level from 2015 to 2016?
A) 1% B) 2% C) 3.5% D) 4.76% E) 5.25%
D
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Gross federal debt held by the public is equal to
A) total gross federal debt. B) the federal debt held by the Fed minus the federal debt held by other countries. C) the federal debt held by other countries plus the federal debt held by private investors. D) the federal debt held by the Fed plus the federal debt held by private investors.
All of the following increase total factor productivity except
A) new inventions. B) more capital. C) new management techniques. D) favorable changes in government regulations.
If a country's production possibilities curve gets more bowed out over time, it is an indication that
A) technological change has taken place. B) society is learning to use its resources more efficiently. C) the quantity of labor and capital have increased. D) resources have become more highly specialized.
Unanticipated inflation benefits
A) people or businesses who owe funds. B) people or businesses who lend funds. C) people who live on a fixed income. D) people with CDs (certificates of deposits) in the bank.