What is a primary market?
A) a market where primary inputs like steel are sold
B) a market where you can sell any stocks you own as a private investor
C) a market where you can sell any bonds you own as a private investor
D) a market where newly issued claims are sold to initial buyers by the borrowing firm
D
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An increase in the amount of human capital ________ the short-run aggregate supply curve and ________ the long-run aggregate supply curve
A) shifts; shifts B) shifts; does not shift C) does not shift; shifts D) does not shift; does not shift
Once households pay taxes, they have two options with their disposable income: consume or save
Indicate whether the statement is true or false
The basic forces driving the "invisible hand" are
a. government and business. b. information and computer technology. c. competition and self-interest. d. cooperation and altruism.
Which of the following is most likely to be a major source of growth in per capita GDP?
A. a high investment / GDP ratio B. a high rate of inflation C. rapid population growth D. rapid growth in the money supply