In the textbook model of endogenous growth, in equilibrium, output grows at the rate of
A) sA - d.
B) n + d.
C) K.
D) A.
A
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The federal budget deficit becomes _____ during recessions because _____
a. smaller; transfer payments increase and tax revenues decline b. larger; transfer payments increase and tax revenues decline c. larger; both transfer payments and tax revenues increase d. smaller; both transfer payments and tax revenues increase e. smaller; both transfer payments and tax revenues decrease
Refer to the graph shown. The profit-maximizing monopolist would be:
A. making zero economic profits. B. earning accounting but not economic profits. C. making economic profits. D. sustaining a loss.
A renewable resource:
A. is used to regenerate an old piece of capital. B. cannot be replenished naturally over time. C. can be replenished naturally over time. D. is used when adopting new technology, and replacing old capital.
The slope of a perfectly elastic demand curve is equal to zero
a. True b. False Indicate whether the statement is true or false