Author Question: A change in the growth rate of a country of one percentage point annually has A) a large impact ... (Read 81 times)

big1devin

  • Hero Member
  • *****
  • Posts: 583
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.

Question 2

Say's law explains
 
  A) how long-run real Gross Domestic Product (GDP) stability is achieved in the Keynesian model.
  B) why economies experience business cycles.
  C) how the economy can go into recession.
  D) how long-term real Gross Domestic Product (GDP) stability is achieved in the classical model.



enass

  • Sr. Member
  • ****
  • Posts: 380
Answer to Question 1

B

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Cocaine was isolated in 1860 and first used as a local anesthetic in 1884. Its first clinical use was by Sigmund Freud to wean a patient from morphine addiction. The fictional character Sherlock Holmes was supposed to be addicted to cocaine by injection.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

For a complete list of videos, visit our video library