(Figure: Technological Progress and Productivity Growth) Look at the figure Technological Progress and Productivity Growth. Which of the following changes in real GDP is most likely to have resulted from an increase in domestic savings?
What will be an ideal response?
A to B
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The market supply curve for labor in a perfectly competitive labor market:
A) is horizontal or perfectly elastic. B) is vertical or perfectly inelastic. C) can be derived by vertically adding the individual supply curves of labor. D) can be derived by horizontally adding the individual supply curves of labor.
With respect to the pure monopolist's demand curve, it can be said that:
A. the stronger the barriers to entry, the more elastic is the monopolist's demand curve. B. price exceeds marginal revenue at all outputs greater than 1. C. demand is perfectly inelastic. D. marginal revenue equals price at all outputs.
In the depth of the Great Depression, the UR in Canada was about:
What will be an ideal response?
If a country's imports are less than its exports, a country has a trade surplus.
Answer the following statement true (T) or false (F)