One of the problems with the definition of economic growth is that
A) it overstates economic growth because it does not account for leisure time.
B) it does not account for the distribution of income.
C) it overstates economic growth because it does not account for the reduction in work time.
D) it understates economic growth because it does not account for the reduction in work time.
B
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If the Bank of Japan permanently increases its money supply, then which of the following is most likely to take place in the short run?
a. Japanese prices will immediately decrease. b. Japanese prices will immediately increase. c. Japanese interest rates will increase. d. Japanese interest rates will decrease.
The money demand curve will shift to the left when which of the following occurs?
A) a reduction in the interest rate B) an increase in the interest rate C) an open market sale of bonds by the central bank D) an increase in income E) none of the above