For given inputs of labor and capital, if technology is better, labor productivity will be
a. higher.
b. lower.
c. unchanged.
d. characterized by increasing returns to scale.
a
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________ refers to a period when the ________ decreases
A) Recession; growth rate of nominal GDP B) Recession; growth rate of output per person C) Productivity growth slowdown; growth rate of real GDP D) Productivity growth slowdown; growth rate of output per person
Which of the following is an outcome of economic variables not moving in sync with inflation?
a. unintended redistributions of purchasing power b. intentional redistributions of purchasing power c. better long-term planning d. decrease in blurred price signals
Which of the following is considered in the AS/AD model but was not considered in the short-run macro model?
a. The effect of price changes. b. The effect of interest rate changes. c. Increases in government spending. d. Monetary policy. e. Decreases in government spending.
Participating nations in the 2015 Paris Agreement on Climate Change agreed to reduce overall greenhouse gases emissions
A. to yield a net increase in the global temperature of no more than 2.7 degrees Fahrenheit by 2050. B. to yield a net decrease in the global temperature by 2.7 degrees Fahrenheit by 2050. C. to as much as 10 percent below the levels of the 2015 through 2050. D. to as much as 20 percent below the levels of the 2015 through 2025.