If the rate of growth in labor productivity averages 2 percent a year, it will take about 20 years for the standard of living to double.

Answer the following statement true (T) or false (F)


False

Economics

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Explain why exchange rate model based on PPP is a long run theory

What will be an ideal response?

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If an auto dealer wants to hire a salaried salesman but is afraid of facing the adverse selection problem, the principle can

a. Hire a salesman who has a reputation for working hard b. Monitor the salesman to prevent shirking c. All of the above d. None of the above

Economics

A dramatic and sustained increase in oil prices would most likely:

a. increase demand-pull inflation. b. decrease demand-pull inflation. c. increase cost-push inflation. d. decrease cost-push inflation.

Economics

Louise is unemployed due to a decrease in the demand for workers with a knowledge of a certain word processing language. This is an example of

What will be an ideal response?

Economics