The marginal product of land depends on the quantity of land that is available
a. True
b. False
Indicate whether the statement is true or false
True
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A change in the growth rate of a country of one percentage point annually has
A) a large impact on the economy in the current year, but not in the future. B) a large impact in the future due to compounding. C) a small impact in the current year, and smaller impact in the future because of compounding. D) very little impact on the economy of a country.
M2 is comprised of
A) small-denomination time deposits + savings deposits + money market accounts. B) small-denomination time deposits + credit cards + money market accounts + gold deposits. C) M1 + small-denomination time deposits + savings deposits + retail money market mutual funds. D) M1 + small denomination time deposits + credit cards + money market accounts.