Who would describe economic growth by relating the level of investment to the changes in the level of national income?
a. market theorists
b. housing cycle theorists
c. innovation cycle theorists
d. real business cycle theorists
e. internal cycle theorists
E
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Consumers in a country buy only two goods, sneakers and manicures. The prices and quantities purchased by urban households are in the table above. The reference base year is 2011. The inflation rate between 2011 and 2012 is
A) $15. B) 15.0 percent. C) $10. D) 10.3 percent. E) 9.0 percent.
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.
In the market for international loans, most countries, including the United States, are net borrowers
Indicate whether the statement is true or false
All else constant, if the central bank wants to slow the pace at which the economy is expanding, it should increase interest rates
Indicate whether the statement is true or false