The brief spike in productivity during the 1990s and 2000s was attributable to
A. the substitution of automatic interactions for human ones (like ATMs and phone trees) alone.
B. robotic production alone.
C. early retirement of baby boomers.
D. both robotic production and the substitution of automatic interactions for human ones.
Answer: D
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Which of the following statements is true?
A. Government cannot remove individuals from a prisoner's dilemma setting and make them better off. B. As long as government charges each individual a tax that is more than the gain received by being removed from a prisoner's dilemma setting, then government makes that individual better off. C. Government can remove individuals from a prisoner's dilemma setting by changing the payoff matrix. D. a and c E. all of the above
According to aggregate demand and supply analysis, the favorable supply shock of 1995-1999 had the effect of
A) increasing aggregate output, lowering unemployment, and raising inflation. B) decreasing aggregate output, raising unemployment, and raising inflation. C) increasing aggregate output, lowering unemployment, and lowering inflation. D) decreasing aggregate output, raising unemployment, and lowering inflation.
Which of these economic variables is countercyclical?
A) investment spending B) unemployment C) demand for foreign products D) all of the above E) none of the above
The bigger the money multiplier is the:
A. smaller the reserve ratio must be. B. less a bank can loan out. C. less money is created in the economy. D. greater the amount of private demand for loans.