The relationship between industrial capacity percentage and
A. the unemployment rate is indirect.
B. the unemployment rate is direct.
C. real GDP is indirect.
D. nominal GDP is indirect.
Answer: A
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A switch to marketable pollution permits will decrease abatement costs because high-cost firms do most of the abating.
Answer the following statement true (T) or false (F)
Hannah's House of Hotcakes serves 30 customers in an hour when it hires one worker. It serves 60 customers in an hour when it hires two workers. The marginal product of the second worker is ________ customers served per hour.
A. 20 B. 30 C. 50 D. 67.5
As the economy becomes more technologically sophisticated, the wage premium can be expected to
A. continue rising. B. continue falling. C. rise. D. fall.
In the classical model, what is the result of an increase in aggregate demand?
A) The price level increases, and real GDP remains constant. B) The price level decreases, and real GDP remains constant. C) Real GDP increases, and the price level remains constant. D) Real GDP decreases, and the price level remains constant.