Hu Tells Leaders China Growth Will Help World Economy Chinese

question 23

Multiple Choice

Hu Tells Leaders China Growth Will Help World Economy Chinese President Hu Jintao told world leaders that his country "has taken an active part in the international cooperation to deal with the financial crisis'' by providing a "$586 billion economic stimulus, focused on building low-rent housing, roads, railways and airports. The package also allows tax deductions for fixed assets such as machinery to stimulate investment. Farmers will also benefit from more subsidies."
Hu stated that "China is in itself an important contribution to international financial stability and world economic growth.''
www.bloomberg.com 11/15/2008
Which of the following will occur if China's spending generates economic growth in real GDP per person?
i. There will be an upward shift in China's aggregate production function.
ii. There will be a rightward shift in China's labor demand curve.
iII. There will be an increase in the real wage.

• A) I and II only
• B) I, II and III
• C) I and III only
• D) II and III only

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Definitions:

Oxytocin

A hormone and neurotransmitter involved in childbirth, lactation, and social bonding.

Vasopressin

A hormone also known as antidiuretic hormone (ADH) that regulates water balance in the body and constricts blood vessels, playing a key role in maintaining blood pressure.

Luteinizing Hormone

A hormone produced by the anterior pituitary gland that helps regulate the menstrual cycle and egg production (ovulation) in females, and sperm production in males.

Blood Sugar

The concentration of glucose present in the blood, crucial for maintaining energy levels and physiological functions.