Author Question: If a country experiences a real GDP growth rate of 4 percent, real GDP will double in A) 14 ... (Read 157 times)

kodithompson · **on:** Jun 30, 2018

If a country experiences a real GDP growth rate of 4 percent, real GDP will double in

A) 14 years. B) 23.3 years. C) 25 years. D) 35 years. E) 17.5 years.

Question 2

When people make deposits of currency into a bank, the quantity of M1

A) changes only if the deposit is an open market operation.
B) immediately decreases by the amount of the deposit.
C) immediately increases by the amount of the deposit.
D) does not immediately change.
E) immediately changes but whether it increases or decreases depends on whether the bank had excess reserves or did not have excess reserves.