It is useful to study the Solow growth model because

A) it provides a useful account of the reasons for population growth.
B) it is useful in understanding the sources of economic growth after 1800.
C) it has a steady state.
D) it can help us understand the reasons for population control.

B

Economics

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Monetary policy has no effect on the equilibrium interest rate if

A) the inflation rate is zero. B) the economy is in the liquidity trap. C) velocity is constant. D) the economy is at full employment.

Economics

Which one of the following is an example of discretionary fiscal policy used to correct a recessionary gap?

A) a tax decrease passed into law by Congress B) an increase in the money supply by the Federal Reserve C) a decrease in government expenditures approved by Congress D) an agreement among major banks to raise interest rates

Economics