A policy to increase aggregate demand to cure a recessionary gap may succeed; however, inflation is a likely result
a. True
b. False
Indicate whether the statement is true or false
True
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The cost of producing one more unit of a good is called marginal cost
a. True b. False Indicate whether the statement is true or false
Use the following table to answer the question below. Jane's Production Possibilities SchedulePounds of Green BeansPounds of Corn08020604040602080 0Jane's opportunity cost of producing 1 pound of corn is ________ pound(s) of green beans.
A. 2 B. 4 C. 1/2 D. 1
The more _____ the supply, ______.
Fill in the blank(s) with the appropriate word(s).
Two of the three pillars of labor productivity growth responsible for the changes in the United States after 1995 are technological change and
A. labor force improvement. B. labor force growth. C. capital formation. D. consumption growth.