Author Question: Government printing of money to finance government spending is called A) irresponsible. B) an ... (Read 52 times)

penza · **on:** Jun 30, 2018

Government printing of money to finance government spending is called

A) irresponsible.
B) an open-market purchase.
C) sterilization.
D) seigniorage.

Question 2

Suppose than an economy has output Y = A , that Y equals 12 trillion, capital K is 27 trillion, and labor L is 64 million workers. Given this information, what is the closest approximation of total factor productivity A?

A) less than 0.01
B) around 0.25
C) roughly 0.33
D) close to 0.4
E) exactly 144