Technological change
A) generates economic growth.
B) shifts the PPF leftward.
C) creates inefficiency.
D) Both answers A and C are correct.
A
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Unemployment occurs even during periods when the economy is growing
Indicate whether the statement is true or false
Ellen deposited $500 into an account and two years later she had $561.80 in the account. What interest rate was paid on Ellen's deposit?
a. 4.88 percent b. 6.00 percent c. 12.36 percent d. None of the above is correct.
According to Keynesian theory, decreasing taxes and increasing government spending will most likely change consumption expenditures and unemployment in which of the following ways?
A) Decrease/Increase B) Decrease/No change C) Increase/Decrease D) Increase/Increase E) No change/Decrease
Suppose that Gigantic Company is increasing in size. As Gigantic Company grows, demand for inputs causes input prices to rise. It is likely that continued growth will result in:
A. economies of scale. B. reduced fixed costs. C. diseconomies of scale. D. increasing marginal returns.