Which country had the highest rate of technological progress from 1985 to 2013?
A) Japan
B) France
C) United States
D) United Kingdom
A
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In the recent Global Economic Crisis, the end of cash-out mortgage refinancing caused
A) LM curve to shift to the right. B) LM curve to shift to the left. C) IS curve to shift to the left. D) LM curve to shift to the right.
Which of the following is accurately predicted by GDP?
a. production b. education c. health d. environmental protection
A system that requires banks to keep 100 percent reserves
a. would reduce the Fed's ability to control the money supply. b. would undermine the effectiveness of reserve requirement changes. c. would increase the Fed's ability to control the money supply. d. could be implemented with little change in bank policy.
Suppose the production of mp3 players can be represented by the following production function: q = L0.4K0.4. Which of the following statements is (are) TRUE?
A) The production function has decreasing returns to scale. B) The marginal productivity of labor falls as labor increases in the short run. C) Capital and labor can be substituted for one another. D) All of the above.