If a 10% increase in price increases the quantity supplied by 15%, the price elasticity of supply is 0.67.
Answer the following statement true (T) or false (F)
False
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Compared to the 1960 and 1973 period, average real earnings of workers ________ from 1973 to 1995 and then ________ from 1996 to 2010.
A. declined; grew more slowly B. slowly; grew at about the same rate C. declined; declined even more D. grew more rapidly; declined
Which of the following is not a determinant of the long-run level of real GDP?
a. the price level. b. the amount of capital used by firms. c. available stock of human capital. d. available technology
The real wage equals the nominal wage ________ the CPI, all times 100
A) divided by B) times C) minus D) plus
If you determine there is a KSA deficiency, then the response is training
Answer the following statement(s) true (T) or false (F)