Other things equal, if the labor input grows faster than total output, total factor productivity falls

An agreement to exchange dollar bank deposits for euro bank deposits in one month is a

A) spot transaction. B) future transaction. C) forward transaction. D) deposit transaction.

What does the U.S. business cycle experience suggest about periods of war?

A) the economy tends to boom during the period of war B) after the war is over, the economy typically experiences a downturn C) they are associated with good economic times D) all of the above E) none of the above