Answer the following statement(s) true (T) or false (F)
1. Governments should avoid investing in education because it has little impact on productivity or economic growth.
2. Rapid population growth can negatively impact per capita output.
3. The law of diminishing marginal returns means that population growth can result in workers with insufficient capital.
4. A larger population means a larger labor force, greater production, and higher standards of living for the average worker.
5. With a higher population growth rate comes greater capital stock per worker.
1. FALSE
2. TRUE
3. TRUE
4. FALSE
5. FALSE
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The ________ of a coupon bond and the yield to maturity are inversely related
A) price B) par value C) maturity date D) term
If the aggregate supply curve is upward sloping, then an increase in autonomous consumption leads to a(n)
A) increase in aggregate demand and a rise in the price level. B) decrease in aggregate demand and a rise in the price level. C) decrease in aggregate demand and a fall in the price level. D) no change in aggregate demand and no change in the price level.