Higher energy prices can be used to explain the productivity slowdown in the period from
A. 1948 to 1973.
B. 1973 to 1995.
C. 1973 to 1980.
D. 1995 to 2000.
Answer: C
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________ uses the concept of marginal analysis to determine the optimum choice
A) Optimization in margins B) Optimization in levels C) Optimization in markets D) Optimization in differences
An example of an "investment" financial intermediary is
A) an insurance company. B) a private pension fund. C) a credit union. D) a mutual fund.
Microeconomic topics include the overall unemployment rate in the United States and the rate of inflation
a. True b. False
If a monopoly discovers that the demand for its output has become more elastic at the original output level, then it will respond by
A) producing more and setting a higher price. B) setting a lower price. C) setting a higher price. D) producing more while leaving price unchanged.