Assume that after the fifth worker, each additional worker a firm hires is less productive than the previous worker. Based on this information, we can conclude that beyond the fifth worker, the average product of labor will:
A) increase.
B) stay the same.
C) decrease.
D) cannot be determined without additional information.
D
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Refer to Figure 15-6. In the figure above, if the economy is at point A, the appropriate monetary policy by the Federal Reserve would be to
A) raise income taxes. B) raise interest rates. C) lower income taxes. D) lower interest rates.
The Federal Open Market Committee was established to give the Fed the power to change reserve requirements
a. True b. False Indicate whether the statement is true or false
Buying shares of corporate stock tends to be more risky when
a. the stock of a single corporation is purchased. b. the stock may have to be sold within a few months. c. all stocks bought are in the same industry. d. all of the above are true.
The program of unemployment insurance in the United States was created during the
A. Great Depression. B. Reagan recession. C. Kennedy administration. D. Great Society.