Cross elasticity among goods in a perfectly competitive market is infinite
Indicate whether the statement is true or false
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Suppose the growth rate of GDP in the United States is 4.2 percent. If 1.1 percent and 1.4 percent of GDP growth are due, respectively, to capital and labor growth, the amount resulting from technological progress is
A) 0.3 percent. B) 1.1 percent. C) 1.4 percent. D) 1.7 percent.
Which of the following is a form of monitory policy?
A. Increasing the Money Supply faster than usual during recession. B. Cutting taxes during a recession C. Increase government's spending during recession D. All E. None
If the Fed adopts a contractionary monetary policy, eventually we can expect _____
Fill in the blank(s) with the appropriate word(s).
Recall the Application about housing prices in Cuba to answer the following question(s).Recent housing reforms in Cuba should give homeowners ________ incentives to repair their homes and therefore ________ construction of new homes.
A. more; decrease B. more; increase C. fewer; decrease D. fewer; increase