Given a constant rate of growth of real GDP, what would lead to an increasing real GDP per capita?
a. a rate of population growth that is less than the rate of growth of real GDP
b. a rate of population growth that is greater than the rate of growth of real GDP
c. an increase in the size of the labor force
d. an increase in the capital stock
a
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From 2004 to 2006, the Japanese budget was ________, private saving was ________ domestic investment, and foreign lending ________
A) in deficit, greater than, moderate B) balanced, roughly equal to, negligible C) balanced, less than, moderate. D) surplus, greater than, negligible
The difference between the monetarist and Keynesian views on discretionary monetary policy is that the monetarists
a. believe monetary policy is a stabilizing force and Keynesians believe it is primarily destabilizing. b. Keynesians think that monetary policy is always used effectively. c. believe monetary policy is a destabilizing force and Keynesians believe it is potentially stabilizing. d. favor "fine tuning" the economy by use of monetary policy while the Keynesians do not.