According to the economics of exhaustible resources, if the interest rate increases,
A) an exhaustible resource will be used up sooner.
B) an exhaustible resource will be used up over a longer period of time.
C) the period of time until an exhaustible resource is used up will not change.
D) none of the above
A
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The measurement of income distribution that splits income earned among the various factors of production (inputs) is called the
A. family distribution of income. B. personal distribution of income. C. functional distribution of income.
The economic expansion which began in March 1991 was unusual in that
A) the first year and a half of the expansion was very weak and unemployment did not peak until 16 months after the trough. B) the inflation rate decelerated from 1993 to 1997 rather than accelerating. C) monetary policy was tightened substantially in 1994 even though there was no evidence of accelerating inflation. D) all of the above.