When marginal cost is positive, total cost is ________ as output increases.

Which of the following leads to a decrease in real GDP?

A) an increase in interest rates B) an increase in government spending C) an increase in the inflation rate in other countries, relative to the inflation in the United States D) Households have increasingly optimistic expectations about future income.

When a country continually adds more capital to its existing stock productivity will:

A. decrease at a decreasing rate. B. decrease at an increasing rate. C. increase at an increasing rate. D. increase at a decreasing rate.

Discuss the current debate on the optimal inflation target

What will be an ideal response?

National health care programs are not as effective as they could be because:

A. health care providers tend to have a high absentee rate. B. traditional Western medicine is largely untrusted in most parts of the developing world. C. many doctors in clinics do not have sufficient knowledge to properly diagnose patients. D. patients are not receptive to utilization of modern medicine in most nations.