The Phillips curve that Samuelson and Solow fitted to their data was
A) upward sloping.
B) downward sloping.
C) vertical.
D) horizontal.
B
Economics
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In a steady-state economy with no population growth, capital per worker is 86, the saving rate is 25 percent, and the depreciation rate is 11 percent. The level of output per worker is ________
A) 195 B) 38 C) 35 D) 47
Economics
The piecemeal actions of Parliament to curtail the various colonial manufacturing activities
a. stemmed from a deep-seated fear of American competition. b. were punitive, in response to colonial smuggling and price dumping. c. were a roundabout attempt to undermine the colonial shipbuilding industry. d. were largely taken to protect vested, well-lobbied interests.
Economics