A major contributor to the slowdown in U.S. labor productivity during the 1973-1995 period was
a. capital spending.
b. technological change.
c. labor force growth.
d. investment spending.
b
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Why do economists test their hypotheses?
A) to see whether people are motivated by self-interest B) to see whether their models predict the choices people will make C) to determine whether government policies have effectively achieved their goals D) to learn what people are thinking when they make the choices they do
The Iranian Revolution in 1979 led to another interruption of oil supplies to the United States. This caused the reoccurrence of
a. deflation. b. full-employment. c. trade surpluses. d. stagflation.
Other things being equal, an increase in the rate of interest causes
a. an upward movement along the demand for money curve. b. a downward movement along the demand for money curve. c. a rightward shift of the demand for money curve. d. a leftward shift of the demand for money curve.
The variance of a random walk process decreases as a linear function of time.?
Answer the following statement true (T) or false (F)