In making the "Malthusian Prediction," Reverend Malthus assumed that:
a. technological advance would be rapid; the supply of capital was unlimited; birth control techniques would limit population growth.
b. there would be little if any technological advance; the supply of capital was fixed; birth control techniques would limit population growth.
c. the supply of land was fixed in quantity; there would be little if any technological advance; the sexual desires of humans would work to increase production.
d. the supply of land was fixed in quantity; technological advances would be rapid; the sexual desire of humans would lead to rapid population growth.
c
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In the market for reserves, if the federal funds rate is between the discount rate and the interest rate paid on excess reserves, an increase in the reserve requirement ________ the demand of reserves and causes the federal funds interest rate to
________, everything else held constant. A) decreases; fall B) increases; fall C) increases; rise D) decreases; rise
In perfectly competitive markets, firms operate where MC = MR and because of this, they are not making any economic profit.
Answer the following statement true (T) or false (F)
In the context of stock markets, "the tail wags the dog" means that the failure of the stock market can drag down the entire economy
a. True b. False Indicate whether the statement is true or false
Residential construction (new houses and apartments) are included in which component of GDP?
A. Government purchases B. Retail spending C. Investment spending D. Net exports