In Keynesian economics the expenditure multiplier suggests that a change in spending causes a(n) _______________ change in GDP.
a. equal
b. lesser
c. greater
d. minor
c. greater
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Labor productivity equals
A) the total production of labor. B) real GDP. C) real GDP divided by the amount of human capital. D) real GDP per hour of labor. E) the quantity of labor hours divided by real GDP.
Firms attempt to create a consumer perception of product differentiation through
i. packaging. ii. marketing. iii. advertising. A) i only B) ii only C) ii and iii D) i and iii E) i, ii, and iii
The GI bill:
a. provided returning servicemen a number of benefits. b. called for price controls in agriculture. c. provided incentives for greater women participation in the work force. d. outlawed certain union practices.
Some employers choose to discriminate as a means of ____ information costs by hiring workers from a similar background as those that were ____ productive in the past
a. increasing; more b. reducing; more c. increasing; less d. reducing; less