It is generally true that per capita GNP is:
a. negatively correlated with labor productivity.
b. positively correlated with the standard of living.
c. negatively correlated with the life expectancy rate.
d. uncorrelated with the literacy level.
e. positively correlated with the rate of population growth.
b
Economics
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Keynes argued that
I. Capitalism did not always lead to full employment. II. Nominal prices were more important than relative prices. A) I only B) II only C) Both I and II D) Neither I nor II
Economics
Reserves are ________
A) gold in a bank's vault plus its gold at Federal Reserve banks B) cash in a bank's vault plus its deposits at Federal Reserve banks C) cash in a bank's vault plus its gold at Federal Reserve banks D) cash in a bank's vault plus the cash carried by its customers
Economics