Compared to those with less economic freedom, countries with more economic freedom generally have ____ per capita GDP levels and ____ growth rates.

Consider an economy made up of 100 people, 60 of whom hold jobs, 10 of whom are looking for work, and 15 of whom are retired. The number of people in the labor force is

a. 30 b. 60 c. 85 d. 90 e. 70

If the economy is near full employment and Congress cuts taxes, the proper monetary policy should be

A. expansionary to keep the economy fully employed. B. expansionary to counteract the increased deficit. C. contractionary to shift the aggregate demand curve outward. D. contractionary to counteract the effects of fiscal policy.