A major contribution of the Solow model is its ________
A) insight into what distinguishes rich economies from poor economies
B) explanation of why productivity grows over time
C) demonstration that the key to sustained growth is a high level of saving
D) encouragement of policies to limit population growth
A
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When the natural unemployment rate changes, what happens to the short-run Phillips curve? To the long-run Phillips curve?
What will be an ideal response?
Other things constant, a ________ in price will ________ the ________ for a good
A) decrease; decrease; demand B) decrease; increase; demand C) decrease; increase; quantity demanded D) decrease; decrease; quantity demanded
Refer to Figure 28-2. At which point is the unemployment rate equal to the natural rate of unemployment?
A) A B) B C) C D) There is insufficient information on the graph to answer this question.
Salespersons are often a good source of external information in the consumer decisions making process.
a. true b. false