When a country adds more capital to its existing stock:
A. the additional productivity is less than the previous increases to productivity.
B. the additional productivity is more than the previous increases to productivity.
C. it experiences rapidly increasing rates of growth.
D. it experiences rapid declines in its level of income.
A. the additional productivity is less than the previous increases to productivity.
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Which of the following is NOT a consumption good?
A) a U.S. government bond B) a UPS truck C) Nike swimming trunks D) a Subway sandwich E) marriage counseling services
Inflation that occurs when total spending is greater than the economy's ability to produce output at the existing price level is:
A. Anticipated inflation B. Demand-pull inflation C. Cost-push inflation D. Unanticipated inflation