If a country's population grows at the same rate as its real GDP, then real per capita GDP
a. grows at an increasing rate
b. grows at a constant rate
c. doesn't change
d. decreases at a decreasing rate
e. decreases at a constant rate
C
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Refer to Scenario 12.2. In this game, if both players end up playing their weak strategies, then
A) Eliza will donate a kidney and Jerome will not donate. B) both Eliza and Jerome will donate a kidney. C) Jerome will donate a kidney and Eliza will not donate. D) neither Eliza nor Jerome will donate a kidney.
Which of the following contributes to implementation lag for discretionary fiscal policy?
A) the time it takes to secure legislative approval for policy actions B) the time it takes for economic agents to respond to policy actions C) the difficulty of collecting economic data in a timely manner D) the time it takes to borrow funds to finance the fiscal policy