In a closed economy, if Y, C, and T remained the same, a decrease in G would
a. reduce private saving and public saving.
b. increase private saving but not public saving.
c. increase public saving but not private saving.
d. increase neither private nor public saving.
c
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In the one-input model, the marginal product of labor curve falls below the horizontal axis only if the production frontier slopes down.
Answer the following statement true (T) or false (F)
The figure above shows Ilene's budget line. The price of a can of cat food is $2. Ilene's income per week is
A) $10. B) $40. C) $56. D) $160.
Between 1800 and 1910, the percentage of the U.S. population living in cities of 100,000 residents or larger went from ____ percent to roughly ___ percent
a. 15; 20 b. 10; 20 c. 5; 20 d. 0; 20
Over the last century, U.S. labor productivity has: a. fallen
b. been constant, on average. c. grown at about 2 percent per year. d. grown at about 8 percent per year. e. grown at about 15 percent per year.