The above table gives data on two variables. If these data were graphed, the slope of the line would be
A) 1.
B) -2.
C) 2.
D) -4.
C
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The productivity curve is a relationship between
A) real GDP per hour of labor and capital per hour of labor, with technology held constant. B) capital per hour of labor and technological growth. C) nominal GDP per hour of labor and capital per hour of labor, with technology held constant. D) real GDP per unit of capital and capital per hour of labor, with technology held constant. E) real GDP per hour of labor and capital per hour of labor whenever technological growth occurs.
In the classical theory of growth, what is the final outcome of an increase in growth and labor productivity?
What will be an ideal response?
If a bank has $1,000,000 in reserves and checking deposits of $3,000,000, what is the bank’s reserve position if the required reserve ratio is 20 percent?
A. The bank has $500,000 of required reserves and $500,000 of excess reserves. B. The bank has $600,000 of required reserves and $400,000 of excess reserves. C. The bank has $400,000 of required reserves and $600,000 of excess reserves. D. The bank has $200,000 of required reserves and $800,000 of excess reserves.
(Consider This) Suppose that a new band, "Balin and the Wolf Riders," tries to sell its music on the internet. Economists would expect:
A. all of those enjoying the music to pay for downloads and compensate the band for its costs. B. some of those enjoying the music to "free ride" through illegal file sharing and digital piracy. C. government to tax those attempting to download the band's music. D. there to be no consumer surplus for those who download the band's music.