In a country that is experiencing economic growth at 7 percent per year, per capita income will double in approximately

Refer to Figure 16-6. In the dynamic model of AD-AS in the figure above, if the economy is at point A in year 1 and is expected to go to point B in year 2, Congress and the president would most likely

A) increase taxes. B) increase the money supply and decrease the interest rate. C) increase government spending. D) increase oil prices. E) raise interest rates.

Refer to Table 11-4. In the table above, which countries are consistent with the predictions of the economic growth model?

A) all four countries B) Japan and Guatemala C) only Japan D) Botswana and Thailand