Refer to the figure above. What does the slope of the aggregate production function imply?
A) Decreasing returns to scale B) Diminishing marginal product of capital
C) Diminishing marginal product of labor D) Increasing returns to scale
C
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New Keynesians conclude that
A) appropriate activist policies will increase the length of cyclical fluctuations. B) appropriate activist policies will have an known effect on the length of cyclical fluctuations. C) appropriate activist policies can dampen cyclical fluctuations. D) none of the above.
Goldin (2001) refers to the 20th century as the "human capital" century and credits education for the rise in overall income
Indicate whether the statement is true or false
A? ________ has unlimited? liability, but the various? _______ who own the stock face only limited liability.
A. ?corporation; shareholders B. sole? proprietorship; board members C. ?partnership; partners D. sole? proprietorship; individuals E. limited? partnership; board members
Both the precautionary and asset demand for money are influenced by
A. the interest rate. B. the U.S. Treasury. C. gold prices. D. none of these.