In the early 1900s, Henry Ford revolutionized the automotive manufacturing industry by instituting the assembly line. What impact did the assembly line method for producing automobiles have on the per-worker production function for Ford?

If inflation falls from 11% to 5%, there is deflation

Indicate whether the statement is true or false

A monopolist faces the inverse demand curve P = 60 - Q. It has variable costs of Q2 so that its marginal costs are 2Q, and it has fixed costs of 30. The monopoly's maximum profit is

A) 220. B) 370. C) 420. D) 510.

What is the main factor that explains why government spending typically exceeds government purchases?

a. Imports exceed exports b. Transfer payments c. The federal debt d. Government budget deficits e. Construction of schools

A tax cut shifts the aggregate demand curve the farthest if

a. the MPC is large and if the tax cut is permanent. b. the MPC is large and if the tax cut is temporary. c. the MPC is small and if the tax cut is permanent. d. the MPC is small and if the tax cut is temporary.