Authoritarian political regimes
a. never produce sound economic institutions, due to corruption.
b. have produced movement toward sound economic institutions in Chile, South Korea and several other nations.
c. will generally produce sound economic institutions and policies.
d. are necessary for the emergence of sound institutions, but not for their continued operation.
B
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A lowering of the required reserve ratio might not expand the money supply if:
a. tax rates are also lowered at the same time. b. tax rates are increased at the same time. c. borrowers are unwilling to borrow the new funds the banks have available for loans. d. borrowers are willing to borrow the new funds the banks have available for loans.. e. borrowers expand their borrowing because of the lower interest rates that banks offer.
Use the above table. We can infer from the table that when real disposable income is $175
A. APC = 0.91. B. APC = 0.20. C. APC = 0.80. D. APC = 0.09.
Refer to the information provided in Table 23.9 below to answer the question(s) that follow. Table 23.9
Refer to Table 23.9. At an aggregate output level of $100 billion, the unplanned inventory change is
A. -$80 billion. B. -$30 billion. C. -$20 billion. D. $120 billion.
A productivity improvement will cause
A. a downward shift in the saving-per-worker curve and a decrease in the capital-labor ratio. B. a leftward movement along the saving-per-worker curve and a decrease in the capital-labor ratio. C. a rightward movement along the saving-per-worker curve and an increase in the capital-labor ratio. D. an upward shift in the saving-per-worker curve and an increase in the capital-labor ratio.