Let the production function be q = ALaKb. The function exhibits constant returns to scale if

Which of the following is the growth rate of the standard of living?

A) y - q B) y - n C) y - a D) y - b

The discount rate:

a. Is a weak monetary tool in the sense that central banks cannot force banks to borrow if the banks have excess reserves. b. Can have powerful announcement effects. c. Is the loan rate charged by central banks to financial intermediaries. d. All the above. e. None of the above.