Because of Intertemporal Substitution,real GDP Growth Tends to Be

question 67

Multiple Choice

Because of intertemporal substitution,real GDP growth tends to be:

• A) positively related to the employment-population ratio.
• B) negatively related to the employment-population ratio.
• C) unrelated to the employment-population ratio.
• D) positively or negatively related to the employment-population ratio,depending on the stage of the business cycle.

---

Definitions:

Risk

The potential for loss or the chance that an investment's actual return will differ from the expected outcome.

Debts

Money owed by one party to another, which is to be repaid according to terms agreed upon by both parties.

Revenue Account

An account that records the income generated from the sale of goods and services.

Debit Balance

An account balance where total debits exceed total credits.