If an economy's steady annual growth rate falls from 2.5 percent to 2.0 percent, this adds __________ years to the time it takes for the economy to double in size
A) 24.0
B) 7.0
C) 5.3
D) 10.2
B
Economics
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Suppose the currency drain ratio is 25 percent and the desired reserve ratio is 20 percent. The money multiplier equals
A) 4.00. B) 5.42. C) 2.00. D) 2.78. E) 3.00.
Economics
During which of the following years did the Fed fail to pursue a policy aimed at stabilizing the output ratio?
A) 1988 B) 1990 C) 1994 D) 1997
Economics
The best example of a perfectly competitive market would be the market for:
A. computers. B. shoes. C. grain. D. cameras.
Economics
The annual percentage rate of change in the price level is the:
A. relative price. B. Fisher effect. C. inflation rate. D. cost of living.
Economics