Which of the following occurs in the long run neoclassical growth model without technological change?
A. Capital deepening ceases.
B. Real wages stop growing.
C. The return to capital is constant.
D. Real interest rates are constant.
E. All of the above.
Ans: E. All of the above.
Economics
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The sum of all past federal deficits minus any surpluses is called the
A) transfer balance. B) national deficit. C) national debt. D) national budget.
Economics
If a price ceiling is imposed, then:
a. the market supply curve will shift to the right. b. the market demand will shift to the left. c. a shortage of product will result. d. the government would be required to buy-up the surplus product. e. the market equilibrium price is below the level the government wishes to achieve.
Economics