Since 1970, U.S. union membership has
a. increased as a percentage of the labor force.
b. declined as a percentage of the labor force.
c. remained stable as a percentage of the labor force.
d. become more restrictive.
b. declined as a percentage of the labor force.
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How does the study of microeconomics differ from that of macroeconomics? Give one example each of an issue studied in microeconomics and in macroeconomics
What will be an ideal response?
Suppose for every dollar change in household wealth, consumption expenditures change by $0.05
If real household wealth declines by $45 billion, potential GDP is $120 billion, and the multiplier effect for the second year after an expenditure shock is 1.1, what is the total change in output relative to potential for the second year? A) -1.28% B) -1.73% C) -2.06% D) -5.78%
If a supplier sells 40 light bulbs and the total revenue from this sale is $120, then what is the average revenue?
a. $3 b. $80 c. $160 d. $4,800
The process through which an economy's production possibilities curve shifts outward is:
A. full-employment management. B. investment. C. resource renewal. D. out-resourcing.