Which of the following shocks is most likely to cause an expansion?
a. Defense spending falls
b. Defense spending rises
c. Defense spending rises and then falls
d. Oil prices surge upward
e. Oil prices rise slowly
B
Economics
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All else equal, continued increases in the labor supply in an economy will lead to
A) continued increases in the capital stock. B) higher levels of total factor productivity. C) smaller increases in real GDP. D) an increase in labor's share of income.
Economics
Which of the following is the most frequently used tool the Fed uses to control the supply of money?
a. The discount rate. b. The reserve requirements. c. Open market operations. d. The 30-year home-mortgage interest rate.
Economics