For this question, assume that a country experiences a permanent reduction in its saving rate. Which of the following will occur as a result of this reduction in the saving rate?
A) a permanently slower growth rate of output
B) no permanent effect on the level of output per capita
C) a permanently lower level of output per worker
D) both A and B
E) both B and C
C
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What is the aggregate demand multiplier and why does it occur?
What will be an ideal response?
If a firm experiences economies of scope, per unit production costs fall as it produces more and more of its product
a. True b. False
These educational fields contribute to the advancement of technology in
A. scientific, engineering, and managerial education. B. medical, mathematics, engineering. C. chemistry, biology, computer science. D. the liberal arts.
Which would most likely increase aggregate supply?
A. An increase in the prices of imported products. B. A decrease in net exports. C. An increase in productivity. D. A decrease in business subsidies.