Assuming no government or foreign sector, the formula for the multiplier is
A. 1 - MPC.
B. 1/MPS.
C. 1/MPC.
D. 1/(1 + MPC).
Answer: B
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An improvement in production technology will
A. shift the demand curve to the left. B. shift the supply curve to the left. C. shift the supply curve to the right. D. increase equilibrium price.
U-4, U-5 and U-6 are
A) all broader measures of the unemployment rate. B) all narrower measures of the unemployment rate. C) not used by the Bureau of Labor Statistics because they include too much variability. D) narrower measures of the labor force participation rate. E) broader measures of the labor force participation rate.
What is human capital and why is it crucial to expand human capital as part of the development process?
What will be an ideal response?
For a firm in a perfectly competitive market, a price decrease:
A. increases the profit-maximizing quantity. B. lowers the profit-maximizing quantity. C. is unrelated to the profit-maximizing quantity. D. signifies the firm should leave the market.