Suppose the economy's production function is Y = AK0.3N0.7. If K = 2000, N = 100, and A = 1, then Y = 246. If K and N both rise by 20%, and A is unchanged, by how much does Y increase?

Does economic growth have any negative side effects?

A) No. Every person in a nation experiencing economic growth will benefit. B) No, because where negative side effects do occur, a nation's government is required to neutralize them. C) Quite possibly. Some say economic growth puts people on a never-ending quest to satisfy newly created wants, so we always feel disappointed with our lives. D) yes, but only for the poorest segment of a nation's population

A Federal Reserve Bank is located in which of the following cities?

A) St. Louis, Missouri B) Richmond, Virginia C) Atlanta, Georgia D) San Francisco, California E) all of the above