Population increases are the limiting factor in the growth process in
A) classical growth theory.
B) neoclassical growth theory.
C) the new growth theory.
D) real growth theory.
A
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A researcher finds that for an economy, the nominal GDP in the year 2012 equals the nominal GDP in the year 2013. He also finds that the output of the economy has been the same over the two years. A situation like this is possible only if:
A) the annual inflation rate in the economy is negative. B) the annual interest rate in the economy is negative. C) the annual interest rate in the economy is zero percent. D) the annual inflation rate in the economy is zero percent.
The above figure shows the AE curve and 45° line for an economy
a. If real GDP equals $10 trillion, how do firms' inventories compare to their planned inventories? b. If real GDP equals $20 trillion, how do firms' inventories compare to their planned inventories? c. What is the equilibrium level of expenditure? Why is this amount the equilibrium?
A bank with $100 million in deposits has $15 million of cash in the bank, $10 million in deposits with the Fed, and $15 million in government securities in its vault. Its total reserves equal
A) $10 million. B) $15 million. C) $25 million. D) $40 million.
Suppose a report was released today that showed the Euro-Zone inflation rate is running above the European Central Bank's inflation rate target
This leads people to expect that the European Central Bank will enact contractionary policy in the near future. Everything else held constant, the release of this report would immediately cause the demand for U.S. assets to ________ and the U.S. dollar will ________. A) increase; appreciate B) increase; depreciate C) decrease; appreciate D) decrease; depreciate