The classical model does not do a good job of explaining short-run fluctuations in the level of economic activity
a. True
b. False
A
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Net investment equals
A) capital stock minus depreciation. B) gross investment minus depreciation. C) the total quantity of plant, equipment and buildings. D) gross investment/depreciation.
If there are human capital externalities, then
A) human capital should be taxed. B) convergence in per capita incomes occurs. C) differences in human capital across countries can persist. D) pollution is a problem.
Printing money was the main method the Union government used to finance the Civil War (1861–1865), and as a result the money supply in the North rose by a factor of 4
Indicate whether the statement is true or false
The PPI is a price index that measures the cost to consumers of a typical basket of goods sold by firms
a. True b. False Indicate whether the statement is true or false