A theory in which advanced countries stop growing because investment opportunities would be eliminated is referred to as:
A. secular stagnation.
B. structural stagnation.
C. frictional stagnation.
D. reservation stagnation
Answer: A
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In 1929, the CPI equaled 0.171 and in 1930, the CPI equaled 0.167. These data provide evidence of a period of:
A. trade deficit. B. expansion. C. deflation. D. inflation.
In the LM curve, the __________ the interest-sensitivity of liquidity preference, the __________ the necessary increase in the rate of interest to restore equilibrium
A) greater; smaller B) greater; greater C) smaller; smaller D) None of the above.
Governments do all of the following except:
A. demand goods and services from businesses in the goods market. B. demand labor services from households in the factor market. C. supply labor services to businesses in the factor market. D. oversee the interaction of households and businesses in the goods and factor markets.
The distance between the TC and the TVC curve
A) is constant. B) decreases as output increases. C) increases as output increases. D) is the MC curve.