Countries on the cutting edge grow primarily through:
A) adoption of simple ideas.
B) capital accumulation.
C) idea generation.
D) massive improvement of productivity.
Ans: C) idea generation.
Economics
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During the Great Depression, the unemployment rate for the United States peaked at approximately
A) 10%. B) 70%. C) 45%. D) 25%.
Economics
The velocity of money is
A) the average number of times that a dollar is spent in buying the total amount of final goods and services. B) the ratio of the money stock to high-powered money. C) the ratio of the money stock to interest rates. D) the average number of times a dollar is spent in buying financial assets.
Economics