Neoclassical economists consider changes in aggregate demand a useful tool for reducing unemployment
a. True
b. False
Indicate whether the statement is true or false
False
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The two basic ways for workers to acquire human capital are
A) formal education and "learning by doing." B) purchases in the capital market and trade. C) increases in the capital stock and increases in total factor productivity. D) training and intuition.
What are the marginal propensity to consume (MPC) and the marginal propensity to save (MPS)? How is the MPC related to the consumption function?
The value of Best Bank's accounting profits was $35 million.
a. $1,000 b. $100 c. $10 d. $1
In the indifference curve-budget line model of labor supply, the vertical intercept of the budget line represents
a. the worker's nonlabor income. b. the wage rate paid to the worker. c. the number of leisure hours enjoyed by the worker. d. the number of hours of labor that the worker supplies.