Higher rates of employment and substantial per capital output gains seem to occur when the real economic growth rate
a. is less than 1 percent.
b. is less than 2 percent.
c. exceeds 3 percent.
d. is between 1.5 and 2 percent.
c. exceeds 3 percent.
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An increase in the supply of capital, which is a substitute to labor, will lead to a decrease in the demand for labor
Indicate whether the statement is true or false
If four hair products companies agree to decrease the output of their styling products and raise the price of their styling products to $18, this is an example of ________.
A) bid rigging B) resale price maintenance C) market division D) price fixing
Government spending shrank the most in _____ relative to GDP between 1997 and 2016
a. Canada b. Australia c. Germany d. Spain e. the U.K.
Suppose the economy was in equilibrium, and the national government increased spending by $200 billion. Monetarist theory would predict that the nation's:
a. Real risk-free interest rate will rise causing real GDP to fall. b. Real risk-free interest rate will rise causing the monetary base, and therefore, the money supply to rise. c. Real risk-free interest rate will remain unchanged, but the money multiplier will rise. d. Real risk-free interest rate will fall causing real GDP to rise. e. Real risk-free interest rate will rise but real GDP will remain the same.