All of the following are sources of economic growth except
A. increases in human capital.
B. an increase in the savings rate.
C. an increase in consumption spending to stimulate production.
D. increases in physical capital.
Ans: C. an increase in consumption spending to stimulate production.
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Using the expectations hypothesis on the term structure of interest rates, explain the relationship between the interest rate on a one-year Treasury bond and the interest rate on a two-year Treasury bond
What will be an ideal response?
When the Act of 1873 was passed, silver was worth _________ in the market than at the mint; however, subsequent __________ in the supply of silver led to public outcry over the "demonetization" of silver under the Act. a.less; decreases b.less; increases c.more; decreases d.more; increases
Fill in the blank(s) with correct word
According to Friedman, a person's marginal propensity to consume is determined by the person's
a. transitory income b. permanent income c. absolute income d. marginal propensity to save e. life cycle income
A mutual fund is a financial intermediary that pools funds from many investors, each of which may have only a relatively small amount of money available to invest, and divides it among many different firms to create a diversified portfolio
a. True b. False Indicate whether the statement is true or false