For consideration of such issues as labor's productivity growth nationwide, the relevant measure is the
A) marginal product of labor.
B) average product of labor.
C) total product of labor.
D) wage.
E) cost of capital.
B
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Do rent ceilings result in any deadweight loss?
What will be an ideal response?
If the U.S. dollar increases in value relative to other currencies, how does this affect the aggregate demand curve?
A) This will shift the aggregate demand curve to the right. B) This will move the economy down along a stationary aggregate demand curve. C) This will move the economy up along a stationary aggregate demand curve. D) This will shift the aggregate demand curve to the left.
Which of the following weakens government control in the marketplace?
(A) Predatory pricing. (B) Deregulation. (C) Regulation of businesses. (D) Antitrust legislation.
Why might economic policies aimed at stabilization actually increase the magnitudes of economic fluctuations?
What will be an ideal response?