If economic recovery has already occurred by the time the effects of expansionary monetary policy are felt, it could cause an inflation problem rather than curing a recession problem.
a. True
b. False
Indicate whether the statement is true or false
Question 2
Which of the following is true of the rule of 72?
a. The rule of 72 is used to approximate annual real GDP.
b. The rule of 72 determines the time required for any value to double if it grows at a constant annual rate.
c. The rule of 72 is used to calculate the number of years it takes for any quantity to treble in size.
d. The rule of 72 refers to the fact that real GDP doubles every 6 years.
e. The rule of 72 refers to the fact that capital growth has consistently contributed 72 percent to the U.S. real GDP.
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economic question
economic question