stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Supply Side Flashcards | StudBud
Explore
/
Supply Side
Supply Side
10 terms
·
StudBud Administration
·
35 plays
#ILovemacro
Flashcards
10 cards
F
Practice quiz
P
Host live
L
Questions
10
Answers
1
Which of the following is a potential source of increased productivity?
Improved management.
Environmental changes as described by doomsday forecasters.
2
Supply-side economists advocate
reduction in structural unemployment through worker training
minimum wage laws to guarantee fair wages
3
Which of the following characterizes stagflation?
An increase in both unemployment and inflation.
An increase in unemployment but a decrease in inflation.
4
Which measurement is most useful for comparing the standard of living in different countries?
GDP per capita.
Speed of internet access
5
A decrease in the marginal tax rates is likely to
Decrease work effort.
Increase entrepreneurship.
Decrease investment.
6
Human capital is
The ratio of labor to capital.
The knowledge and skills possessed by the labor force.
7
The "new growth theory" of economic growth emphasizes the importance of
Investing in new plants and equipment.
Investing in ideas
Household saving as a source of funds for investment.
Borrowing funds for investment from foreign sources.
8
GDP per capita is
Total GDP divided by total population.
Investment as a % of GDP
9
Which of the following policy levers improves productivity?
More government regulation
Higher taxes.
Investment in human capital.
10
An economy experiences economic growth whenever
QC power goes out
Oil prices rise
Long-run real GDP rises.
Inflation rises
