The per capita output of an economy is likely to increase if:
a. the number of workers in the economy grows faster than its population
b. the population of the country grows faster than its labor force.
c. the government increases the tax rates.
d. the government controls the number of illegal immigrant workers in the economy.
e. the government manages the foreign investment in the economy.
a
Economics
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If the required reserve ratio is 0.2, the demand deposit multiplier is
a. 0.2 b. 0.8 c. 1.25 d. 5.0 e. 8.0
Economics
The Phillips curve illustrates the
A. Inverse relationship between the price level and the level of output. B. Direct relationship between the unemployment rate and the inflation rate. C. Inverse relationship between the unemployment rate and the inflation rate. D. Direct relationship between the price level and the level of output.
Economics