A low price-earnings ratio usually indicates that people believe that this corporation will have lower than average growth in earnings.
Answer the following statement true (T) or false (F)
True
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In the long run, what effect does a government's deficit spending have on equilibrium real Gross Domestic Product (GDP)?
A) Equilibrium real Gross Domestic Product (GDP) will increase beyond the full-employment level and there will also be an inflationary effect. B) Higher government deficits will not raise equilibrium Gross Domestic Product (GDP) above the full-employment level. C) Deficit spending will decrease the nation's equilibrium real Gross Domestic Product (GDP). D) The government's deficit spending will increase equilibrium real Gross Domestic Product (GDP).
A larger marginal propensity to import will make the slope of the aggregate expenditure function flatter
Indicate whether the statement is true or false
Which statement best explains convergence?
a. Some low-income economies around the world have shown a pattern of convergence, in which their economies grow faster than those of middle-income countries. b. Some middle-income economies around the world have shown a pattern of convergence, in which their economies grow faster than those of low-income countries. c. Some low-income and middle-income economies around the world have shown a pattern of convergence, in which their economies grow faster than those of high-income countries. d. Some high-income economies around the world have shown a pattern of convergence, in which their economies grow faster than those of low-income and middle-income countries.
Suppose that a firm uses both labor (L) and capital (K) as inputs. The firm's long-run production function is Q = F(L,K) = 5?L?K. The firm has 100 units of capital. If the firm uses an efficient production method, how much output does it produce in the short run if it hires 25 workers?
A. 250 units B. 1,250 units C. 2,500 units D. 50 units