Which of the following is the most likely explanation of the productivity slowdown that began in 2010?
A. High inflation levels disrupted resource allocation.
B. High debt levels discouraged productive investments.
C. The Federal Reserve lowered interest rates too much in response to the Great Recession.
D. Productive capacity fell dramatically during the Great Recession.
Answer: B
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The United States Mint is the only legal entity to produce circulating coinage for the United States. What are the barriers to entry, if any, that protect this firm from competition?
A) The United States Mint is a natural monopoly. B) The United States Mint has a government license to produce coinage. C) The United States Mint is a public franchise to produce coinage. D) The United States Mint has a patent or copyright to produce coinage.
Use the equation Qd = 5,000 - 15P + 50A + 3Px - 4I, (2,117 ) (2.7 ) (15 ) (2 ) (3 )
where Qd = Quantity Demanded, P = Good Price, A = Advertising Expenditures, Px = Price of a Competitive Good, A = Advertising Expenditures, I = Average Monthly Income, and the Standard Errors of the Regression Coefficients are shown in Parentheses. Calculate the t-statistics for each variable and explain what inferences can be drawn from them. If R2 of this equation is 0.25, what inference can be drawn from it?
Aggregate concentration can be interesting political effects more than for economic effects
Indicate whether the statement is true or false
A firm's marginal product curve slopes downward throughout its length
a. True b. False Indicate whether the statement is true or false