The aggregate expenditure schedule shows how aggregate expenditure in an economy:
a. increases as real gross domestic product increases.
b. decreases as real gross domestic product increases.
c. increases as the inflation rate increases
d. decreases as the interest rate increases.
a
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An increase in the saving rate results in a higher steady state ________
A) growth rate of capital B) growth rate of output per worker C) level of consumption per worker D) level of capital per worker
If there are four firms in a market and one has a 40 percent market share, one has a 25 percent market share, one has a 20 percent market share, and one has a 15 percent market share, the Herfindahl-Hirschman Index (HHI) in this market is ________.
A) 2,850 B) 5,250 C) 1,270 D) 8,250
Why is prediction in social sciences like economics more difficult than in physical sciences?
Profit-sharing plans, where employees receive bonuses in proportion to the company's profits,
a. reduce the principal-agent problem. b. are intended to reduce the number of employees who are residual claimants. c. eliminate shirking problems. d. are essentially gifts to employees and do not generate any benefit for the firm's owners.