Labor productivity is measured by dividing Gross Domestic Product (GDP) by population
Indicate whether the statement is true or false
False
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Which of the following appears on the liability side of the Fed's balance sheet?
a. Federal Reserve notes. b. U.S. government securities. c. Loans to banks. d. All of these.
Maureen left her teaching job, which paid $30,000 per year, and invested $20,000 of her retirement fund (which was earning 10 percent interest) in a new real estate business. Her accountant predicted a $60,000 revenue the first year. Her husband, an economist, forecast her profit to be
a. $10,000. b. $28,000. c. $32,000. d. $60,000.
If the nominal interest rate was 12 percent and the inflation rate was 10 percent in 1980, while the nominal interest rate was 7 percent and the inflation rate was 2 percent in 2011, then
What will be an ideal response?
A perfectly competitive system results in an efficient allocation of resources among firms and an equal distribution of final products among households.
Answer the following statement true (T) or false (F)