Which of the following factors are considered under "new growth theory"?
A. technology
B. innovation
C. research
D. All of these are correct.
Answer: D
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Demand-pull inflation persists because of
A) continuing increases in government expenditures. B) continuing increases in the quantity of money. C) continuing increases in the real wage rate. D) continuing decreases in the money wage rate. E) continuing increases in aggregate supply.
The present value of an annuity that pays $100 each year indefinitely (i.e., a perpetuity) is $2,000 if the interest rate is 5 percent
a. True b. False
Holding all other factors constant, which of the following would shift the demand curve for air travel to the left?
(a) An increase in fuel costs. (b) Increased wages for airline staff. (c) Decreased price of ferry tickets. (d) Both (b) and (c).
GDP is a measure of
A. production. B. the amount of money available. C. inflation. D. innovation.