Which of the following factors are important in the determination of growth rates of output in the intermediate run?
a. Variations in the rates of capital formation.
b. Changes in population growth.
c. Changes in money growth.
d. All of the above.
e. None of the above.
A
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In the short run, if a firm shuts down its maximum loss equals the amount of its fixed cost
Indicate whether the statement is true or false
GDP is: a. the value of all final goods and services produced domestically within a given period of time
b. the value of all final good and services produced anywhere in the world by a nation's firms within a given period of time. c. the value of all final goods and services produced by a government within a given period of time. d. the sum of all currency and coins in circulation.
Zero bound refers to a situation when inflation rates are at or very near zero in an economy
a. True b. False Indicate whether the statement is true or false
Measured as a share of GDP, the total government expenditures of the United States are
a. larger than any country in the world. b. smaller than any country in the world. c. smaller than the comparable figure for Japan and most Western European countries. d. larger than the comparable figure for Japan and most Western European countries.