Economic growth is measured by the percentage change in:
a. potential nominal GDP
b. structural unemployment.
c. the rule of 72.
d. potential real GDP (LRAS).
d
You might also like to view...
To the extent that a governmental price control succeeds in affecting price, it can be expected to lead to a corresponding: a. reduction in the volume of sales only if the price is forced down
b. reduction in the volume of sales if the price is forced down and an increase in the volume of sales if the price is forced up. c. decrease in the volume of sales whether the price is forced up or down. d. increase in the volume of sales whether the price is forced up or down.
If you believe that government can effectively manage aggregate demand to achieve full employment without inflation, you are a member in good standing in the
a. classical school b. Keynesian school c. neo-Keynesian school d. rational expectations school e. supply-side school
If we assume a ten percent required reserve rate, and banks not holding any excess reserves and no change in currency holdings, an open market sale of $5 million of U.S. Treasury securities by the Fed, will result in deposits:
A. decreasing by $50 million. B. increasing by $5 million. C. not changing. D. increasing by $50 million.
A person who opposes the deliberate use of fiscal and monetary policies is called a(n)
A) Keynesian. B) fiscalist. C) nonactivist. D) activist.