Increases in productivity in the United States since 1929 are mostly due to:
A. Increases in the quantity of labor.
B. Increases in the number of U.S. firms.
C. Research and development.
D. The high salaries paid to workers
C. Research and development.
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Which of the following is true of bank reserves held at the Fed?
A) These reserves are a liability to the bank and an asset to the Fed. B) These reserves are a liability to both the bank and the Fed. C) These reserves are an asset to the bank and a liability to the Fed. D) These reserves are an asset to both the bank and the Fed.
Refer to the figure above. The slope of the production function between ________ and ________ indicates negative returns to labor
A) Point B; Point C B) Point A; Point C C) Point A; Point B D) the origin; Point A
If you were a Keynesian economist, you would believe that the economy
a. will always move toward full-employment real GDP b. has a tendency to generate inflation regardless of whether it's at full employment real GDP or not c. will decrease unemployment by lowering wage rates until the labor market is in equilibrium d. is driven by the supply-side of the market e. may be in equilibrium at less than full employment
The poverty line is adjusted each year to reflect changes in the
a. number of people currently on public assistance. b. level of prices. c. nutritional content of an "adequate" diet. d. size of a family.