When the growth rate of the labor force is faster than the growth rate of the unemployed, the unemployment rate is falling.
Answer the following statement true (T) or false (F)
True
This is because the denominator is growing faster than the numerator in the unemployment calculation.
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According to Romer and other new growth theorists, what could poor countries do to stimulate greater economic growth?
What will be an ideal response?
The behavior of historical cost curves says nothing about the cost advantages or disadvantages of a single large firm.
Answer the following statement true (T) or false (F)
According to the law of supply:
A. more of a good is desired by consumers as the price falls. B. less of a good is desired by consumers as the price rises. C. more of a good will be offered by suppliers as the price rises. D. less of a good will be offered by suppliers as the price rises.
The "depreciation rate" tells us
A) the interest rate that should be used in present discounted value calculations. B) the rate at which consumers deplete their total wealth in retirement. C) the difference between current and expected income. D) the difference between current and expected profits. E) how much usefulness a machine loses from year to year.