In the U.S. economic-growth experience:
A. Most capital substitutes for labor
B. Most capital is complementary to labor
C. The amount of capital available per worker has been relatively constant
D. The amount of capital available per worker has been decreasing
B. Most capital is complementary to labor
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The rate of interest that you pay on a home loan depends upon all of the following EXCEPT
A) the supply of houses in the real estate market. B) the length of the loan. C) your credit rating. D) handling charges or loan fees.
The key link between the twin deficits involves: a. higher interest rates and a stronger dollar
b. lower interest rates and a stronger dollar. c. higher interest rates and a weaker dollar. d. lower interest rates and larger trade deficits e. higher interest rates leading to more exports.
What happens to aggregate supply when production costs adjust completely to price increases?
a. Both equilibrium output and prices increase b. Only prices rise; equilibrium output remains fixed c. Only equilibrium output rises; equilibrium prices remain fixed d. Equilibrium output falls while prices rise e. Both equilibrium output and prices remain fixed
One objection to supply-side tax cuts is that demand-side changes
A. are smaller than supply-side changes. B. and supply-side changes are about equal. C. are more unpredictable than supply-side changes. D. are larger than supply-side changes.