You are tearing down a building and find $1 in change that someone lost when working on the building 140 years ago. If, instead of being careless with the $1 in change, this person had deposited it into a bank and earned 2 percent interest every year for 140 years, how much would be in the account today according to the rule of 70?

In the Classical model, an increase in aggregate demand leads to __________ real GDP and __________ price level

A) an unchanged; an unchanged B) a rising; an unchanged C) a rising; a rising D) an unchanged; a rising

Scarcity arises because of

a. international trade disputes b. our unwillingness to share earth's bounty c. insatiable wants d. limited natural resources e. primitive technology