The best example of a durable good is
a. food
b. clothing
c. tobacco
d. gasoline
e. an automobile
E
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Studying the growth of (Y/N) in the United States over the period 1909-1957, Robert Solow found that growth in multifactor productivity accounted for ________ of it
A) ten percent B) twenty-five percent C) one-third D) roughly half E) seven-eighths
If the economy is already producing its potential output, then, in the long run, any change in fiscal policy aimed at stimulating demand will simply increase the price level and have no impact on the output level in the economy
Indicate whether the statement is true or false
A form of economic organization that relies primarily on private ownership of productive assets, freedom of exchange, and market prices to allocate goods and resources is often called
What will be an ideal response?
When the government increases its demand for loanable funds, it causes the demand:
A. for loanable funds curve to shift to the right, which increases interest rates. B. of loanable funds curve to shift to the left, which decreases interest rates. C. of loanable funds curve to shift to the right, which decreases interest rates. D. for loanable funds curve to shift to the left, which increases interest rates.