The growth rate of real computer investment ________ between 1987-95 and 1996-2000
A) fell from 18% to 5%
B) fell from 34% to 7%
C) rose from 3% to 22%
D) rose from 21% to 35%.
D
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If a 200 billion dollar increase in government spending occurs when the Fed seeks to maintain a fixed interest rate then
A) there is no crowding out, the LM curve shifts to offset the shift in the IS curve. B) there is no crowding out, the monetary policy is fixes as is the LM curve fixed. C) crowding out is assured since monetary policy is fixed. D) crowding out is assured since the Fed will accommodate the spending increases.
If government purchases increase and as a result push current output above potential output, monetary policymakers are likely to:
A. purchase Treasury securities. B. raise the real interest rate. C. lower the real interest rate. D. keep the real interest rate constant and focus on only changing the nominal interest rate.