Increasing the capital available to the workforce, holding other factors constant, tends to ________ total output while ________ labor productivity.
A. decrease; increasing
B. increase; decreasing
C. increase; not changing
D. increase; increasing
Answer: D
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If the Russian ruble depreciates relative to the U.S. dollar, Russian steel becomes more expensive for American firms to purchase.
Answer the following statement true (T) or false (F)
Which of the following are examples of financial assets that pay a long-term interest rate?
A. Money and CDs B. Saving deposits and checking accounts C. Cash and currency D. Mortgages and government bonds
Figure 4.2 illustrates the supply and demand for t-shirts. If the actual price of t-shirts is $10, we would expect that:
A. demand will decrease until quantity demanded equals quantity supplied. B. supply will increase until quantity demanded equals quantity supplied. C. price will increase until quantity demanded equals quantity supplied. D. there will be no change in the price since the market is in equilibrium.
Explain the menu cost explanation of output fluctuations
What will be an ideal response?