One reason given for the U.S. productivity slowdown in the period from 1973 to 1995 was
A. declining energy prices.
B. increasing energy prices.
C. increasing investment spending.
D. increasing government spending.
Answer: B
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If both matches and automobile prices increase by 10 percent, consumers will likely buy
A. fewer matches and approximately the same quantity of automobiles. B. approximately the same quantity of matches and fewer automobiles. C. fewer matches and fewer automobiles. D. approximately the same quantity of both matches and automobiles.
In this graph, what is the total cost?
a. $16
b. $85
c. $320
d. $400
Continued economic growth is desirable if it means that the standard of living continues to increase.
Answer the following statement true (T) or false (F)
M2 consists of M1 plus savings deposits, small time deposits, money market mutual funds, and a few minor categories.
Answer the following statement true (T) or false (F)