The labor productivity curve in the capital deepening model of economic growth
a. is inversely related to capital deepening
b. increases at an increasing rate
c. increases at a decreasing rate
d. is an upward sloping straight-line
e. is a downward sloping straight line
C
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The federal funds rate is ________ of the Fed
A) a technique B) a monetary policy rule C) the monetary policy instrument D) an objective E) a goal
Refer to Figure 9.1. What is the maximum profit that can be achieved?
A. $250
B. $500
C. $750
D. $850
A closed shop
A. is an arrangement unions have with employers limiting employment to union members only. B. is one in which union workers cannot be hired. C. allows a firm to close its doors at will. D. is legal in the United States.
Refer to the data for a nondiscriminating monopolist. At its profit-maximizing output, this firm's total costs will be:
A. $300.
B. $248.
C. $198.
D. $126.