From the late 1960s to the late 1980s, SAT scores in the United States
a. help explain the productivity increases.
b. rose consistently throughout the period.
c. declined throughout the period.
d. indicated improving workforce quality.
c
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If the yield curve slope is flat for short maturities and then slopes steeply upward for longer maturities, the liquidity premium theory (assuming a mild preference for shorter-term bonds) indicates that the market is predicting
A) a rise in short-term interest rates in the near future and a decline further out in the future. B) constant short-term interest rates in the near future and further out in the future. C) a decline in short-term interest rates in the near future and a rise further out in the future. D) constant short-term interest rates in the near future and a decline further out in the future.
In the classical model with an open economy, an increase in government purchases always causes complete crowding out
a. True b. False
Marginal profit is the addition to a firm's total profit from a
a. $1 change in its price. b. one-unit change in its output. c. reduction in total cost. d. reduction in marginal cost.
Graphically, producer surplus is the area below the price line and above the supply curve
a. True b. False Indicate whether the statement is true or false