In neoclassical growth theory, technological change ________
A) occurs by chance
B) is influenced by population growth
C) is influenced by the rate of economic growth
D) occurs at a steady rate
A
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The demand for money curve is drawn
A) holding several things constant, including the price level and interest rates. B) with interest rates on the vertical axis and the curve sloping down since lower interest rates mean the "price" of holding money has fallen. C) holding several things constant, including GDP and interest rates. D) with interest rates on the horizontal axis, and the curve sloping up since the "price" of holding money varies directly with the interest rate.
A flight to quality refers to a shift by savers from
A) bonds and into stocks. B) stocks and into gold or other precious metals. C) bonds and into real assets, such as real estate. D) low-quality bonds and into high-quality bonds.
To date, the longest prison sentence for violating the Sherman Act has been ________ years.
A) ten B) eight C) two D) five
If a consumer is maximizing his/her utility for a given income, the:
A. marginal utility for every good purchased would be the same. B. marginal utility per dollar spent for all goods would be the same. C. marginal utility per dollar for all goods would be at a maximum. D. total expenditure on each good would be the same.