An experimental study is one which individuals are randomly assigned to the treatment and control groups.
A. True
B. False
C. Uncertain
A. True
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In the United States, over the past 50 years the total labor force participation rate
A) has increased. B) has decreased. C) has remained more or less constant. D) has fluctuated substantially. E) first decreased slightly and then increased significantly.
Which level indicates the point of maximum economic efficiency?
A) lowest point on AC curve B) lowest point on AVC curve C) lowest point on MC curve D) None of the above
Producing where MR = MC guarantees that the firm earns a profit
Indicate whether the statement is true or false
If inflationary expectations are quite sluggish (that is, they do not adapt quickly), then the short-run Phillips curve will
a. be vertical. b. be horizontal. c. slope downward. d. slope upward.