The NAIRU:
A. is difficult to measure.
B. can change over time.
C. occurs at the economy's level of potential output.
D. All of these statements are true.
D. All of these statements are true.
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If the effects of growth in a variable compound are approximately constant, then growth is likely to be:
A) exponential. B) vector. C) logarithmic. D) linear.
The quantity of tickets demanded to the Super Bowl is always greater than the quantity supplied
Which of the following in the best explanation why the National Football League does not raise the price of tickets to the level where the quantity demanded equals the quantity supplied? A) The cost of raising the price and printing new tickets would exceed the revenue the NFL would receive from higher ticket prices. B) Raising the price would reduce the demand for tickets; there would then be a surplus and the game would not sell out. C) The demand for Super Bowl tickets is elastic; raising the price would reduce total revenue. D) The NFL is concerned that raising ticket prices would be considered unfair.
The Washington Consensus refers to
a. agreements between Republicans and Democrats b. guidelines for limiting government intervention, supported by the World Bank andInternational Monetary Fund c. the agreement as to where to locate the U.S. government d. guidelines for providing U.S. aid to developing-country governments e. guidelines for providing federal aid to state and local governments
Refer to the table shown. Diminishing marginal productivity begins when the:Number of workersTotal output142103184285356417458489501049
A. third worker is hired. B. fifth worker is hired. C. sixth worker is hired. D. fourth worker is hired.