If a hurricane were to wipe out the majority of the eastern seaboard in the United States:
A. neither the short-run nor long-run aggregate supply curves would be affected.
B. only the long-run aggregate supply curve would shift left.
C. only the short-run aggregate supply curve would shift left.
D. the long-run and short-run aggregate supply curves would both shift left.
Answer: D
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How many people are employed if the labor force participation rate is 60%, there are 3 million people unemployed, and there are 30 million people not in the labor force?
A) 54 million B) 48 million C) 42 million D) 30 million
When marginal cost is increasing, average total cost must be increasing
a. True b. False Indicate whether the statement is true or false
Which period of recent U.S. history shows the lowest rates of productivity growth?
A. 1948–1973 B. 1973–1995 C. 1995–2000 D. All periods had similar growth rates.
Historically, U.S. firms have shown less of a preference for foreign direct investment and management control than have firms from other investing countries.
Answer the following statement true (T) or false (F)