Between 1953 and 2007, rising labor productivity contributed more to U.S. economic growth than did increases in inputs.
a. true
b. false
Answer: a. true
Economics
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Dorm rooms usually are not allocated by markets. Allocating dorm rooms is:
A. not affected by economic forces. B. not an economic problem. C. determined by prices. D. an economic problem.
Economics
A cash withdrawal reduces deposits, reserves, and excess reserves in the banking system
Indicate whether the statement is true or false
Economics
The unemployment rate is the number of unemployed people, expressed as
A. a ratio of total employed to the population. B. a ratio of unemployed to the total employed. C. a percentage of the labor force. D. a percentage of the population.
Economics
Required reserves are a % of loans that the bank must set aside in its vault or in its account with its Federal Reserve Bank
a. true b. false
Economics