Author Question: Productivity is ________. A) determined by central bank policy B) the combined effect of ... (Read 37 times)

CharlieWard · **on:** Jun 30, 2018

Productivity is ________.

A) determined by central bank policy
B) the combined effect of monetary and fiscal policy
C) the residual component of the production function
D) driven by changes in the rate of growth of output

Question 2

After World War II (194145), the U.S. public debt

(a) remained unchanged in 1947 even though the government ran a budget
surplus (government expenditures fell below revenues in 1947).
(b) continued to rise even though the government ran a budget surplus at times.
(c) decreased even though the government ran a budget surplus continuously.
(d) remained high while the government continuously ran deficits.