If the steady-state capital—labor ratio is equal to the Golden Rule capital—labor ratio, then in the steady state
A) output per worker equals investment per worker.
B) output per worker equals depreciation per worker.
C) investment per worker is as large as possible.
D) consumption per worker is as large as possible.
D
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Over the last hundred years,
A) movements in output due to recessions and recoveries dominate the movement caused by long-run growth. B) output has decreased in as many years as it has increased. C) U.S. output has approximately doubled. D) all of the above E) none of the above
________ tended to increase spending on health care in the United States
A) The aging of the U.S. population, rather than advances in medical technology, has B) Advances in medical technology, rather than the aging of the U.S. population, has C) The aging of the U.S. population, as well as advances in medical technology, have D) Neither the aging of the U.S. population, nor advances in medical technology, have