Which of the following can be said about economic growth?
I. Economic growth is the result of increases in long-run aggregate supply.
II. Economic growth is the result of increases in aggregate demand.
A) I only
B) II only
C) I and II
D) neither I or II
A
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The consumer price index (CPI), the personal consumption expenditures price index (PCE), and the core PCE have over the last 15 years
A) moved roughly together with the CPI being the most stable. B) moved roughly together with the PCE being the most stable. C) not moved together, with the CPI being the most stable. D) moved roughly together with the core PCE being the most stable.
Assume a simplified banking system in which all banks are subject to a uniform reserve requirement of 20 percent and checkable deposits are the only from of money. A bank that received a new checkable deposit of $10,000 would be able to extend new loans up to a maximum of:
A. $2,000. B. $8,000. C. $9,000. D. $10,000.
Health care improvements often don't happen because:
A. they are too expensive to have any significant impact. B. national health insurance only exists in highly developed countries, like the U.S. C. doctors in government clinics have no incentive to practice good medicine. D. home remedies and traditional medicine are generally more expensive.
In the short run, a firm may have accounting losses and remain in operation
a. True b. False Indicate whether the statement is true or false