Which of the following does NOT affect potential GDP?
A) the quantity of money
B) the quantity of labor employed
C) the quantity of capital and human capital
D) the amount of entrepreneurial talent available
E) the quantity of land and natural resources
A
You might also like to view...
If a bank needs to raise the amount of capital relative to assets, a bank manager might choose to
A) buy back bank stock. B) pay higher dividends. C) shrink the size of the bank. D) sell securities the bank owns and put the funds into the reserve account.
The purchasing power of money
A. varies inversely with the interest rate. B. is determined by law. C. varies inversely with the price level. D. depends on the value of gold.
The Phillips curve appeared to fit the data well for the United States in the
A. 1960s. B. 1970s. C. 1990s. D. 1980s.
When the labor supply is very inelastic, the payroll tax is
A. split fairly evenly between the employer and the employee. B. borne mostly by the employee. C. borne mostly by the employer. D. borne entirely by the employer.