Which of the following is an example of inside lag in monetary policy? A) Individual banks ignore a reduction in the required reserve ratio and hold excess reserves. B) Members of the Board of Governors refuse to lower the discount rate until several months after a recession has begun. C) The U. S. government debates a public works program and chooses not to spend money on new highways and railroads. D) Corporations respond slowly to increases in interest rates by reducing their planned investment for future years.

Identify whether the statements are true or false by dragging and dropping the appropriate term into the bin provided. long-run economic growth is unlikely to be sustainable because of finite natural resources. in the modern economy, countries that possess few domestic natural resources essentially have no chance to develop economically. finding alternatives to natural resources will be very important to long-term economic growth. in the modern economy, human and physical capital are generally less important in productivity than natural resources. in the 19th century, countries with the highest per capita gdp were nearly always abundant in minerals and productive farming land.