Which of the following best describes the response of output as time passes to an increase in the saving rate?
a. The growth rate of output does not change.
b. The growth rate of output increases and gets even larger as time passes.
c. The growth rate of output increases and does not change as time passes.
d. The growth rate of output increases, but diminishes to its former level as time passes.
d
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A company's computer is classified as what account type
a. Expense b. Owner's Equity c. Fixed Asset d. Retained Earnings
If a firm increases its output and its average cost decreases, the firm is experiencing which of the following?
A) increasing marginal returns B) diseconomies of scale C) economies of scale D) random luck E) decreasing cost of marginal returns
In the open-economy macroeconomic model, net exports equal the quantity of dollars demanded in the market for foreign currency exchange
a. True b. False Indicate whether the statement is true or false
What variable adjusts to balance demand and supply in the market for loanable funds?