If a nation produces less than it spends what do we know about: A. its net exports? B. its net capital outflow? C. its saving in relation to its domestic investment?
A. Its net exports are negative.
B. Its net capital outflow is negative.
C. Its domestic investment exceeds its net saving.
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The value of marginal product of labor is the change in
A) profit from hiring one more worker. B) output from hiring one more worker. C) total revenue from hiring one more worker. D) profit from producing one more unit of output.
The Bureau of Labor Statistics would categorize a person as ________ if they were temporarily away from their job because they were ill
A) employed B) out of the labor force C) unemployed D) a discouraged worker
When marginal cost exceeds marginal revenue,
A. marginal profit < 0. B. the firm should increase output. C. marginal profit + marginal cost > marginal revenue. D. marginal cost < marginal revenue - marginal profit.
To stabilize real GDP, the Fed must increase the money supply in response to a
a. positive demand shock b. low level of unemployment c. sudden upsurge in inflation d. rise in the interest rate e. negative demand shock