Proponents of the view that the higher rate of productivity growth since 1996 is part of a long-run trend argue it is a result of
a. a continuing increase in the use of computers and other kinds of information technology.
b. employers forcing more output from workers, who have become victims of new technologies.
c. the shrinkage of the labor force, so that output per worker is rising.
d. the rise of employment in the highly productive manufacturing sector.
A
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Total taxes minus transfer payments minus government interest payments is called:
A. a budget surplus. B. a budget deficit. C. national saving. D. net taxes.
Starting at point A, a reduction in government spending would cause
a. the quantity of loanable funds traded to increase to $125 and the interest rate to rise to 7% (point C). b. the quantity of loanable funds traded to decrease to $75 and the interest rate to fall to 5% (point B). c. the quantity of loanable funds traded to increase to $125 and the interest rate to fall to 5% (point D). d. the quantity of loanable funds traded to decrease to $75 and the interest rate to rise to 7% (point E).
Which market type has characteristics as follows: one firm, good or service produced has no close substitutes, barriers to entry prevent new firms from entering into the industry?
A) perfect competition B) monopolistic competition C) oligopoly D) monopoly
A decrease in the unemployment rate which is accompanied by an decrease in the inflation rate is represented by a ________ the Phillips curve
A) movement down B) movement up C) upward shift of D) downward shift of