When the marginal product curve lies above the average product curve
A. the average product curve must be falling.
B. the average product curve must be rising.
C. the total product curve must be falling.
D. the marginal product curve must be rising.
Answer: B
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We know that among the current account, the capital and financial account, and the official settlements account that the
A) current account plus the capital and financial account equals zero. B) current account plus the capital and financial account plus the official settlements account must sum to 100. C) current account is always larger than the capital and financial and official settlements accounts combined. D) current account plus the capital and financial account plus the official settlements account must sum to zero. E) current and capital and financial accounts sum to zero while the official settlements account must be greater than zero.
What determines the demand for loanable funds and what makes it change?
What will be an ideal response?
The total population of an economy is 175 million, the labor force is 125 million, and the number of unemployed is 8 million. The unemployment rate for this economy is:
a. 7.8 percent b. 5.8 percent c. 6.4 percent d. 4.6 percent
If the tax multiplier is -4 and taxes are reduced by $35 billion, output
A. falls by $8.75 billion. B. falls by $140 billion. C. increases by $8.75 billion. D. increases by $140 billion.