Other things the same, if a country raises its saving rate, when is productivity growth higher?
a. as the economy moves toward the long run and in the long run.
b. as the economy moves toward the long run, but not in the long run.
c. in the long run, but not as the economy moves toward the long run.
d. neither as the economy moves toward the long run, nor in the long run.
b
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A key reason that Medicaid spending is greater for the elderly than children is that
A. the elderly are more likely to suffer from costlier diseases and require nursing home care. B. children generally come from wealthier households. C. the elderly are more likely to require nursing home care. D. the elderly are more likely to suffer from costlier diseases.
By raising or lowering the _______, the Fed changes the cost of money for banks, which impacts the incentive to borrow reserves.A. Reserve ratio B. Discount rate C. Money multiplier D. Yield
A. Reserve ratio B. Discount rate C. Money multiplier D. Yield