Suppose Turkey increases its saving rate. In the long run
a. the growth rates of productivity and real GDP per person increase.
b. productivity and real GDP per person increase.
c. the growth rate of productivity increases, and real GDP per person increases.
d. productivity increases, and the growth rate of real GDP per person increases.
b
You might also like to view...
If the CPI was 125 this year and 120 last year, then
a. the cost of the CPI basket of goods and services increased by 4.2 percent this year. b. the price level increased by 4.2 percent this year. c. the inflation rate for this year was 4.2 percent. d. All of the above are correct.
In an attempt to bring lenders and borrowers together following the financial crisis of 2008, the Federal Reserve made a large amount of new funds available to financial markets. Any of these new funds that were obtained by banks but were not loaned out
would be classified as ________ of the banks. A) required reserves B) excess reserves C) deposits D) liabilities
Jim used to be very careful with his car. However, once he bought full auto insurance on it, he stopped turning on his alarm or even locking it when parking it. This is an example of adverse selection.
Answer the following statement true (T) or false (F)
Refer to Figure 3-4. At a price of $10, how many units will be sold?
A) 200 B) 400 C) 600 D) 800