If the economy was operating at point O (where the two axes come together), we would have an unemployment rate of ______ percent.



A. 5

B. 50

C. 95

D. 100


D. 100

Economics

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Techland's aggregate production function is Y = A × K1/3 × H2/3. Find out the contribution of technology to Techland's GDP if its gross domestic product is $2,000,000, capital stock is 125,000 units and total efficiency units of labor is 1,000,000

What will be an ideal response?

Economics

A line that rises from left to right has a positive slope

a. True b. False Indicate whether the statement is true or false

Economics

Monetary policy is controlled by..

What will be an ideal response?

Economics

YearAntonio's Hourly wageConsumer Price Index2006$8.40201.62010$9.05218.1 Refer to Table 8.2. From 2006 to 2010, Antonio received a total of $0.65 in pay raises, and the CPI also increased as shown in the table. What was Antonio's real wage in 2006, if 2010 is used as the base year?

A. $9.09 B. $9.05 C. $8.37 D. $8.40

Economics