In long-run full-employment equilibrium, which of the following is true?
a. The CPI equals AD equals the peak of the production function curve
b. The horizontal LRAS curve equals the intersection of the demand and supply curves inthe labor market.
c. The CPI equals the aggregate production function at the equilibrium wage rates.
d. The CPI equals AD equals SRAS equals LRAS.
d
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On the graph above, for a while after t = 0, the growth rate of technology is ________ the growth rate prior to time zero, and ________
A) below; falling B) below; rising C) above; constant D) above; falling
The fastest-growing segment of pharmaceutical marketing is:
a. marketing to physicians b. marketing to nurse practitioners c. marketing to the consumer d. none of these
Which of the following is false?
A) For bond buyers, the higher the yield the better it is for them. B) For bond buyers, the higher the price of the bond the better it is for them. C) For bond buyers, the lower the yield the worse it is for them. D) The term yield on a bond is the same as the term interest rate on a bond.
The slope of the budget line represents:
A. the budget rate of substitution. B. the opportunity rate of substitution. C. the market rate of substitution. D. the marginal rate of substitution.