As an economy accumulates more capital per worker, labor productivity:
a. increases and the standard of living grows.
b. decreases and the standard of living falls.
c. decreases and the standard of living grows.
d. increases and the standard of living falls.
a
Economics
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A) forego interest on an alternative asset. B) must make more trips to the bank to manage the money. C) have trouble balancing your check book. D) pay a higher tax rate. E) run a greater risk of being robbed.
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A higher required reserve ratio _________ the value of the simple deposit multiplier
A. Increases B. Decreases C. Eliminates
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