If the reserve ratio is 4 percent, then the money multiplier is
a. 24.
b. 25.
c. 26.
d. 4.
b
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For the period 1915 to 2005, educational improvements in the U.S. labor force contributed what percentage of real per-capita GDP growth?
A) 0.01 B) 15 C) 317 D) 34
In the market for loanable funds in an open economy, the supply of loanable funds:
A. can come from domestic savers or savers abroad. B. is equal to national savings. C. is equal to private savings. D. is equal to public savings.
During the course of the twentieth century, the average workweek in the United States has gotten shorter and Americans have enjoyed greater amounts of leisure time. How has this development affected potential GDP and labor productivity?
According to the textbook application, GE was ordered to dredge the Hudson River
a. because it illegally dumped chemicals into the river b. even though its release of PCBs into that river was done legally c. under the rulings of RCRA d. none of the above