Under what circumstances do rates of economic growth understate the growth of economic well-being?
A. Economic growth has occurred because of the increased length of the workweek.
B. Product quality has improved.
C. Air quality has declined as real GDP has increased.
D. Population has grown faster than real output.
B. Product quality has improved
Economics
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An increase in ________ leads to an equal ________ in the monetary base in the short run
A) float; decrease B) float; increase C) discount loans; decrease D) Treasury deposits at the Fed; increase
Economics
Which of the following is likely to have the widest bid-asked spread?
A) A U.S Treasury bill B) A U.S. Treasury note C) A U.S. Treasury bond D) A municipal bond
Economics