The efficient functioning of an SCU depends on the accuracy and relevance of the information it receives from the various departments of the organization
Indicate whether the statement is true or false
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Edward Denison's analysis of the American economy found that
A) total factor productivity was the largest source of economic growth since 1948. B) the contribution of labor growth has been more variable than the contribution of capital growth. C) productivity growth has been positive over every period of more than five years since WorldWar II. D) the contribution of labor growth has been greater than the contribution of capital growth.
Government debt is different from individual debt because
A) the government can always tax to reduce it. B) the government cannot declare bankruptcy. C) the government does not need to pay interest. D) the government can decide the interest rate.
Some economists believe that when workers and firms expect a recessionary monetary policy, _____. a. they act so as to prevent the price level from increasing b. their actions lead to a further increase in output c. they are likely to negotiate for relatively lower wages
d. the monetary authority is forced to cancel its planned recessionary policy e. both output and employment increase even more than was originally planned
A major advantage to owners of convertible stock over preferred stock is that they are the first claimants to the corporation's dividends
Indicate whether the statement is true or false