Between 2009 and 2020, productivity growth is expected to account for about ________ percent of the growth of real GDP in the United States.
A. 23
B. 40
C. 75
D. 92
Answer: D. 92
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U.S. antitrust laws are designed to prohibit monopolization and encourage competition. Why, then, does the government erect barriers to entry and create monopoly power by granting firms patents?
What will be an ideal response?
Economists apply the term "Great Inflation" to which decade?
A) 1930s B) 1940s C) 1950s D) 1960s E) 1970s
Which of the following statements is true?
a. Fiscal policy is the manipulation of the nation's money supply to influence the nation's output, employment and price level. b. Discretionary fiscal policy is the deliberate use of changes in government spending and taxes to stabilize the economy. c. The tax multiplier is the change in aggregate demand resulting from an initial change in government spending. d. A budget deficit exists when government tax revenues exceed government spending.
Advertisers try to
A. raise the demand for their product and make it more elastic. B. raise the demand for their product and make it less elastic. C. lower the demand for their product and make it more elastic. D. lower the demand for their product and make it less elastic.