In the textbook model of endogenous growth, long-run output growth would decline if there were either a ________ in the saving rate or a ________ in the depreciation rate
A) rise; rise
B) rise; fall
C) fall; rise
D) fall; fall
C
Economics
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The policy lever most commonly used by the Fed is:
A. Changes in the discount rate. B. Buying and selling bonds. C. Changes in the reserve requirement. D. Foreign-exchange operations.
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Which of the following is a valid argument for protection?
A) national defense B) fair trade C) creation of employment D) All of the above
Economics