By connecting the cost minimizing input bundles, we get the _______________
Fill in the blank(s) with the appropriate word(s).
Answer: expansion path
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Costs associated with economic growth include all of the following EXCEPT
A) environmental pollution. B) psychological problems such as depression. C) urban congestion. D) improved health care.
When there is political instability in another country, the United States can expect
A) an increase in the capital account balance due to an increase in the current account. B) an increase in the capital account balance due to the movement of assets to the U.S. C) a decrease in the balance of payments due to a decrease in special drawing rights. D) a decrease in the balance of payments due to a decrease in the demand for goods and services.
Identify the correct statement about the effect of an expansionary monetary policy in an economy
a. It results in an increase in real gross domestic product in the short run and inflation in the long run. b. It results in a decrease in real gross domestic product in the short run and inflation in the long run. c. It results in an increase in real gross domestic product in the short run and deflation in the long run. d. It results in a decrease in real gross domestic product in the short run and deflation in the long run.
The ____ Act supported union organizing while the ____ Act protected "employers' rights."
A. Wagner; Landrum-Griffin B. Landrum-Griffin; Wagner C. Taft-Hartley; Landrum-Griffin D. Wagner; Taft-Hartley