Labor productivity growth depends on
i. saving and investment.
ii. increases in human capital.
iii. technological growth.
A) Both ii and iii
B) ii only
C) i, ii, and iii
D) iii only
E) i only
C
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The disruption to financial markets starting in August 2007 that caused both consumer and business spending to fall
A) shifted the aggregate demand curve to the right. B) shifted the aggregate demand curve to the left. C) shifted the aggregate supply curve to the right. D) shifted the aggregate supply curve to the left.
Which of the following types of countries has experienced decreasing inequality in recent decades?
A. Rich countries B. Countries with high economic growth C. Countries with low economic growth D. None of these has experienced decreasing inequality.
When regulators use a marginal-cost pricing strategy to regulate a natural monopoly, the regulated monopoly
a. will experience a loss. b. will experience a price below average total cost. c. may rely on a government subsidy to remain in business. d. All of the above are correct.
Describe the general shape of the average-fixed-cost curve