Which of the following variables can be used to measure labor productivity?
A) real GDP B) number of labor hours
C) number of workers D) all of the above
D
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Which one of the following would shift the aggregate demand curve to the left?
A) an increase in the money supply B) an increase in exports C) an increase in taxes D) an increase in government spending
List three reasons why oligopolies are considered to be inefficient
What will be an ideal response?
The mixed economy is the dominant economic system in the world because
a. custom and religion have no influence on economic decisions in these systems b. pure capitalist economies have placed more control in the hands of individuals in recent years c. there is public (i.e., governmental) ownership of resources but regulation of government by individuals reduces some of the flaws of pure capitalism d. there is private ownership of property but government regulation of individuals reduces some of the flaws of pure capitalism e. governments in pure command economies have increased their control over decision-making in recent years
Total reserves are
A. excess reserves. B. required reserves plus excess reserves. C. required reserves plus vault cash. D. required reserves.