Which of the following will result in an increase in labor productivity?
A) a decline in the capital stock per hour worked
B) a decline in the amount of human capital per worker
C) an increase in technology
D) a decrease in the number of people attending institutions of higher education
C
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A tax is regressive if it
A. is levied on consumers. B. takes a smaller percentage of income as income increases. C. takes a higher percentage of income as income increases. D. takes the same percentage of income regardless of income level.
According to this theory of the term structure, bonds of different maturities are not substitutes for one another
A) segmented markets theory B) expectations theory C) liquidity premium theory D) separable markets theory
The Fed and the government are working against each other if, as the government cuts taxes to promote economic growth, the Fed
a. sells government securities. b. buys government securities. c. lowers the discount rate. d. lowers the prime rate.
In year 1 the CPI is 140, and in year 2 the CPI is 160. From year 1 to year 2, Chiang's salary rises from $42,000 to $49,000, and Marta's salary rises from $55,000 to $60,000. Who is "more than keeping up with inflation"?
A) Marta B) Chiang C) both Marta and Chiang D) neither Marta nor Chiang