Productivity is a measure of
A. Output per unit of input.
B. Input per dollar of output.
C. Input per unit of output.
D. Output per dollar of input.
Answer: A
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Difficulty in prediction social sciences is the result of analyzing ____ but can be overcome by focusing on ____ groups
a. experiments; small groups b. experiments; large groups c. human behavior; small groups d. human behavior; large groups
If the demand for milk is downward sloping, then an increase in the price of milk will result in a(n): a. increase in the demand for milk
b. decrease in the demand for milk. c. increase in the quantity of milk demanded. d. decrease in the quantity of milk demanded.
According to the law of supply:
A. producers are willing to supply larger amounts of a good as its price increases. B. a direct relationship exists between the price of a good and the amount buyers choose to buy. C. an inverse relationship exists between the price of a good and the amount buyers wish to buy. D. an inverse relationship exists between the price of a good and the amount producers supply.
Exhibit 9-3 Keynesian aggregate expenditures model
?
As shown in Exhibit 9-3, equilibrium GDP is:
A. $6 trillion. B. $10 trillion. C. $12 trillion. D. $14 trillion.