McDonalds has traditionally been popular among Chinese children

The aggregate production function used in the Solow model expresses GDP as a function of:

A) level of technology and total efficiency units of labor only. B) physical capital and level of technology. C) physical capital and total efficiency units of labor only. D) physical capital, level of technology, and total efficiency units of labor.

The effect of the February 2008 tax rebate on spending was reduced due to ________

A) the simultaneous missteps in monetary policy B) the negative impact of the policy on saving rates C) the recognition that the rebate did not constitute a permanent change in income D) the small size of the program