If interest rates are lowered
A. people are more likely to save their money in banks.
B. people are not affected by interest rates being lowered, only when interest rates are raised.
C. entrepreneurs are more likely to expand a business by borrowing money.
D. entrepreneurs are less likely to borrow money.
Answer: C
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The total U.S. labor force participation rate increased over the past 50 years because
A) the female labor force participation rate increased. B) more men are retiring early. C) fewer women are attending college. D) many blue-collar jobs with rigid work hours have been created in the last decade. E) the male labor force participation rate increased.
Current offers to purchase or sell scarce goods take account of the wants of future generations
A) if government intervenes to give the future a current voice. B) if people are able to predict future prices. C) only if people are concerned for the welfare of others yet unborn. D) only rarely because people are predominantly selfish.
Potential GDP is:
A) minimum amount of output that can be produced given the labor force, capital stock, and technology. B) maximum amount of output that can be produced given the labor force, capital stock, and technology. C) varies over the business cycle. D) none of the above.
The higher the rate of unemployment:
a. The higher the level of potential GDP b. The higher the level of actual GDP c. The larger is the GDP gap d. The smaller is the GDP gap