The expenditure-based method of national accounting ________
A) only tracks the purchase of goods and services by firms
B) does not track the purchase of investment goods by firms and households
C) only tracks the purchase of goods and services by the government
D) tracks the purchase of all goods by households, firms and the government
D
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When drawn against the current wage, the current labor supply shifts to the right if
A) current taxes increase. B) future taxes decrease. C) firms make more profits. D) total factor productivity increases.
If employment grows faster than the population as a whole, then output per capita can increase faster than productivity per worker
Indicate whether the statement is true or false
The market for smart water is becoming more competitive. The increase in competition in this market is an example of how the market responds to
A) changes in consumer tastes. B) decreases in income. C) changes in expected future prices. D) decreases in the price of carbonated soda (a substitute for the product).
Which of the following will, unambiguously, decrease the price level?
A. an increase in government spending and a decrease in costs B. an increase in government spending and an increase in costs C. a decrease in government spending and an increase in costs D. a decrease in government spending and a decrease in costs