An economy can achieve faster economic growth without ______
A. markets and property rights
B. people being willing to save and invest
C. incentives to encourage the research for new technologies
D. an increase in the population growth rate
D The other answers are necessary conditions for economic growth.
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If a bank has $100,000 of checkable deposits, a required reserve ratio of 20 percent, and it holds $40,000 in reserves, then the maximum deposit outflow it can sustain without altering its balance sheet is
A) $30,000. B) $25,000. C) $20,000. D) $10,000.
Over the last hundred years,
A) movements in output due to recessions and recoveries dominate the movement caused by long-run growth. B) output has decreased in as many years as it has increased. C) U.S. output has approximately doubled. D) all of the above E) none of the above