The aggregate production function is graphed as
A) a downward sloping curve.
B) an upward sloping straight line.
C) an upward sloping line that becomes flatter as the quantity of labor increases.
D) an upward sloping line that becomes steeper as the quantity of labor increases.
C
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Your friend does not understand the benefits of globalization. Outline for your friend the positive economic aspects of globalization
What will be an ideal response?
Which of the following is not an appropriate policy for a central bank to follow if the economy is plagued with deflation?
A) consistently pursuing policy to promote the credibility of the central bank B) explicitly and credibly targeting inflation C) using expansionary monetary policy to drive down interest rates D) increasing the target interest rate on overnight loans
By raising capital at lower cost, bonds lower risk for shareholders
Indicate whether the statement is true or false
What is the measure of the income earned by owners of resources used in making final goods and services?
a. personal income b. national income c. retained earnings d. gross domestic income