The rate of technological progress is an important determinant of ________
A) long-run variation in economic growth B) long-run increases in interest rates
C) short-run variation in employment rates D) short-run variation in economic growth
A
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The kinked demand curve is an explanation of sticky prices
a. True b. False Indicate whether the statement is true or false
Monetary policy affects employment
a. only in the long run. b. only in the short run. c. in both the long run and the short run. d. in neither the long run nor the short run.
The production possibilities curve shows:
A. the maximum amount of one good that can be produced for every possible production level of the other good. B. how increasing the resources used to produce one good increases the production of the other good. C. how increasing the production of one good allows production of the other good to also rise. D. the minimum amount of one good that can be produced for every possible production level of the other good.
At what level of output does marginal cost equal marginal revenue?No. units producedTotal RevenueTotal costs0001100502180110325018042902705310380
A. 2 B. 3 C. 4 D. 1