Labor productivity can best be calculated as
A) real Gross Domestic Product (GDP) / Gross Domestic Product (GDP) price index.
B) real Gross Domestic Product (GDP) / number of workers.
C) number of workers / hours of work.
D) real wages / hours of work.
B
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Investment banks in the U.S. are
A) regular banks specializing in investment projects. B) not banks at all but institutions which specialize in underwriting sales of stocks and bonds. C) special arm of the U.S. government for U.S. banks operating outside the U.S. D) regular banks specializing in investment projects, but allowed to offer limited domestic transactions. E) international banks that are heavily invest in the U.S.
To say that inflation is a monetary phenomenon seems to beg the question
A) Why does inflationary monetary policy occur? B) Why do politicians seek reelection? C) Why is the Fed independent? D) Why does the U.S. Treasury print so much money?