Generally, if a nation produces more consumer goods than capital goods
A. more of all goods may be produced in the future.
B. about the same amount of capital goods may be produced in the future as are being produced today.
C. less of all goods may be produced in the future.
D. society will have to forego future consumption of capital goods.
Answer: C
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Full-employment output is also called
A) potential output. B) national output. C) natural output. D) target output.
Which one of the following manages monetary policy for Ireland?
(a) The Federal Reserve Bank in America. (b) The Bank of England. (c) The European Central Bank in Frankfurt. (d) The Bank of Ireland.
What was very unusual about the 2001 recession, was that consumer spending ________________________.
Fill in the blank(s) with the appropriate word(s).
Traveler's check are
A. part of M1 but not M2. B. not part of M1 or M2. C. part of M2 but not M1. D. part of M1 and M2.