« previous next »

Author Question: A change in the growth rate of a country of one percentage point annually has A) a large impact ... (Read 94 times)

big1devin

  • Hero Member
  • *****
  • Posts: 583
on: Jun 30, 2018
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
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Exercise increases the heart rate. Exercise increases the heart rate.
Large-Flowered Trillium Large-Flowered Trillium
Climate Change Climate Change
La Niña: The impact of natural cycles La Niña: The impact of natural cycles
Climate Change: Greenhouse gases Timescale Climate Change: Greenhouse gases Timescale
Explain how it can be desirable from an intertemporal perspective for a country run a current ... Explain how it can be desirable from an intertemporal perspective for a country run a current ...
Video: Dendrite Animation

For a complete list of videos, visit our video library