Growth accounting is seen a useful way to estimate this inputs contribution to growth:
A. technology.
B. physical capital.
C. labor.
D. land.
A. technology.
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The bowed shape of the per-worker production function is caused by
A) wealth effects that reduce labor supply. B) diminishing marginal productivity of capital. C) increasing marginal productivity of labor. D) increasing marginal productivity of capital.
Open market operations alter the money supply by ________
A) influencing banks' ability to make loans to individuals and corporations B) adding currency to or withdrawing currency from banks' vaults C) adding currency to or withdrawing currency from the checking accounts of individuals and corporations D) influencing banks' ability to make loans to the government E) none of the above
All of the following is likely to increase the supply of U.S. dollars in the forex market except?
A. If U.S. interest rates are low relative to foreign interest rates B. If investors' confidence in foreign economies increases C. If U.S. consumers prefer foreign goods to U.S. goods D. If investors’ confidence in US investments increases.
In order to function as a medium of exchange, money must:
A. be backed by gold. B. be generally accepted in exchange for goods and services. C. be backed by some precious commodity. D. maintain a constant value over an extended period of time.