Output in an economy can be increased by
A. decreasing inflation.
B. limiting the work week.
C. adding more workers.
D. using fewer machines.
Answer: C
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A decrease in the price of spaghetti noodles is likely to cause:
A. an increase in the demand for penne pasta due to a change in the price of a complementary good. B. an increase in the demand for penne pasta due to a change in the price of a substitute good. C. a decrease in the demand for penne pasta due to a change in the price of a complementary good. D. a decrease in the demand for penne pasta due to a change in the price of a substitute good.
The nominal interest rate and the real interest rate would be identical with low inflation
Indicate whether the statement is true or false
Suppose the annual inflation rate is 10%, and an asset bought at the beginning of the year for $100,000 is sold for $115,000. If the capital-gains tax rate is 30%, what is the (approximate) effective tax rate on the sale of this asset?
A) 10% B) 20% C) 25% D) 30% E) 4%
If, for a given disposable income level, the disposable income line lies above the consumption curve, saving:
a. equals consumption. b. equals disposable income. c. is less than zero. d. is equal to zero. e. is greater than zero.