The ________ is the additional revenue a firm earns by employing one additional unit of labor.
A. per-worker net profit
B. average labor revenue
C. marginal revenue product of labor
D. marginal labor cost
Answer: C
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The percentage of foreign-born people living in the U.S. continued to rise after the Civil War
Indicate whether the statement is true or false
When there is a recessionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.
A. decline; lower; decline B. increase; raise; decline C. decline; lower; expand D. decline; raise; decline
If MPC = 0.80, how much should government spending change to increase real GDP by $500?
A. ?100. B. +80. C. ?80. D. +100.
A nation's account with the IMF is called its
A. capital account. B. current account. C. deposit surplus. D. quota subscription.