The convergence theory is also known as:
A. the catch-up effect.
B. Say's law.
C. the income effect.
D. Moore's law.
A. the catch-up effect.
You might also like to view...
Improvements in the productivity of labor will tend to: a. increase the supply of labor
b. increase the demand for labor. c. decrease the supply of labor. d. decrease the demand for labor.
If the Federal Open Market Committee desired to tighten credit, it would
a. buy securities in the open market. b. sell securities in the open market. c. lower the discount rate. d. raise the discount rate.
According to the equation of exchange, a contractionary monetary policy must be adopted to offset any decrease in the velocity of money
a. True b. False Indicate whether the statement is true or false
Due to the added worker effect, the labor force participation rate
A. is a fairly useless statistic. B. decreases during a recession. C. overcounts the number of workers with a job. D. overcounts the number of workers wanting a job. E. increases during a recession.