An economic growth model explains
A) how changes in the money supply affect real interest rates.
B) changes in government tax policies over time.
C) the growth rate of the price level over time.
D) changes in real GDP per capita in the long run.
D
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The opportunity cost to society of producing one more unit of the good is
A) average cost. B) marginal cost. C) efficiency costing. D) the optimal cost.
The monetary expansion of the mid-1990s was expected to lead to a currency appreciation
a. True b. False Indicate whether the statement is true or false
North Korea has ____________ the process of globalization, while South Korea has _______________ it. A likely result of this is that South Koreans have a much ______________ standard of living than North Koreans
A) embraced; avoided; higher B) embraced; avoided; lower C) avoided; embraced; lower D) avoided; embraced; higher
At the $180 billion equilibrium level of income, saving is $38 billion in a private closed economy. Planned investment must be:
A. $138 billion. B. $126 billion. C. $38 billion. D. $180 billion.