In the absence of technological progress, we know that the level of output per worker in the steady state will
A) increase over time.
B) remain constant.
C) decrease as a result of decreasing returns to scale.
D) increase or decrease, depending on the rate of saving.
E) increase or decrease, depending on the rate of depreciation.
B
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A competitive market begins in a situation of long-run equilibrium. Then, there is an increase in demand. Describe the process that eventually leads to a new long-run equilibrium
Discouraged workers are not counted as unemployed because they are working
Indicate whether the statement is true or false
Which of the following shifts aggregate demand to the left?
a. The price level rises. b. Interest rates fall. c. The dollar depreciates for some reason other than a change in the price level. d. Stock prices fall for some reason other than a change in the price level.
About one out of every ________ black children under the age of 18 is poor.
Fill in the blank(s) with the appropriate word(s).