The implication of the Solow model is that for sustained growth:
A) the ratio of savings rate to depreciation rate should be constant as the economy grows over time.
B) the ratio of savings rate to depreciation rate should increase as the economy grows over time.
C) the ratio of capital stock to GDP should decreases the economy grows over time.
D) the ratio of capital stock to GDP should be constant as the economy grows over time.
D
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Most Americans believe that anyone who is poor can get rich by working hard
Indicate whether the statement is true or false
A period of stagflation is the normal aftermath of a period of
a. excess aggregate supply. b. deficient aggregate demand. c. excess aggregate demand. d. high unemployment rates.
The proliferation of Internet usage serves as an example of a favorable supply shock
a. True b. False Indicate whether the statement is true or false
A decrease in demand for a firm's output results in a(n):
A. increase in labor demand. B. increase in labor supply. C. decrease in labor demand. D. decrease in labor supply.