On the graph above, the constant value 1.43 is ________
A) the productivity of labor devoted to research and development
B) the logarithmic scale
C) the amplification effect of improving technology
D) the initial level of technology
C
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In practice, the ECB has committed to what type of strategy for monetary policy?
A) inflation targeting B) monetary targeting C) unclear as to inflation or monetary targeting D) exchange rate targeting
According to the Pew Charitable Trust methodology for identifying the middle class, if people near the boundary between the lowest and the lower middle income class lose income, the middle class will ________
A. increase, and that is unambiguously a good thing. B. shrink, but that is unambiguously a good thing. C. shrink, and that is unambiguously a bad thing. D. increase, and that is unambiguously a bad thing.