The productivity slowdown of the 1970s occurred:
A. only in the U.S, the United Kingdom, and Japan.
B. only in the U.S.
C. only in the U.S. and the United Kingdom.
D. around the world.
Answer: D
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The marginal propensity to save is defined as:
A) ?C/?Yd. B) ?S/?Yd. C) ?Yd/?C. D) ?Yd/?S.
Who benefits primarily from rent controls?
A) construction workers B) poor people looking for low-income housing C) all who want to rent D) only renters who are able to get units at below-market rates
The net export component of aggregate demand is defined as U.S
a. imports minus U.S. exports. b. imports plus U.S. exports. c. exports minus U.S. imports. d. exports minus taxes and customs duties.
Balancing the federal budget over the business cycle requires
A. deficits incurred during economic slumps that are offset by surpluses during economic booms. B. raising taxes and cutting spending during stagflation. C. rapid increases in the national debt during national emergencies. D. matching deficits and surpluses each time Earth orbits the sun. E. that the national debt grow only as fast as GDP grows.