If the rate of technical progress decreases, then the growth
A. of the labor force will decrease.
B. of the capital stock will decrease.
C. rate of potential GDP will decrease.
D. rate of unemployment will decrease.
Answer: C
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By 2012, the dollar value of the debt:
A. past 100 percent of GDP. B. the lowest in the U.S. history. C. was reduced to $500 billion. D. back down to 40 percent of GDP.
Assuming wages are indexed to inflation, if prices rose by 1.4 percent this month and your last month's wage was $1,000, your wage this month would be $1,014
a. True b. False Indicate whether the statement is true or false
If the required reserve ratio is 0.25, what is the demand deposit multiplier?
a. 4.00 b. 0.50 c. 0.75 d. 1.33 e. 1.25
Which of the following states the definition of supply?
A. More of a good is supplied at a lower price. B. There is a positive relationship between the price of a good and the quantity that buyers purchase. C. There is a positive relationship between the price of a good and the quantity offered for sale by suppliers. D. There is a negative relationship between the price of a good and the quantity offered for sale by suppliers.