Fluctuations in total output are the reverse image of fluctuations in
A) the inflation rate.
B) the unemployment rate.
C) gross domestic product.
D) the GDP deflator.
B
You might also like to view...
The value of human capital can decrease when:
A. someone forgets how to do something that was valuable in his work. B. the skills someone possesses are no longer needed. C. machines can be taught to do what people used to have to do. D. All of these are examples of a decrease in human capital.
Economic rent is the amount of money above and beyond that necessary to keep the factor of production employed where it is
a. True b. False Indicate whether the statement is true or false
The levels of national income per capita among developing countries (DVCs) are:
A. All within a narrow range B. Widely varied C. All growing rapidly D. About half of those of industrially advanced countries (IACs)
Copper falls into which factor of production category?
A) land B) labor C) capital D) entrepreneurship