Which of the following would shift the production function downward?
a. An improvement in technology
b. A decrease in the interest rate
c. An increase in number of workers
d. An increase in the stock of human capital
e. A decrease in the stock of physical capital
E
You might also like to view...
The idea of the multiplier is that a change in ________ expenditure changes real GDP, which then changes ________ expenditure. The change in total expenditure will be larger than the initial change in ________ expenditure
A) induced; induced; autonomous B) induced; autonomous; induced C) autonomous; induced; autonomous D) induced; autonomous; autonomous E) autonomous; induced; induced
Ceteris paribus, a decrease in the government's budget deficit will increase domestic investment and net foreign investment
Indicate whether the statement is true or false
Sally lost her job when her company went out of business because of a recession. This is an example of:
a. frictional unemployment. b. structural unemployment. c. cyclical unemployment. d. technological unemployment.
A favorable balance of trade occurs when
a. merchandise exports are greater than merchandise imports b. merchandise imports are greater than merchandise exports c. international trade is an increasing share of total output d. the balance on capital account equals the balance on current account e. unilateral transfers are positive