Productivity relates to
A) working harder over time.
B) working longer over time.
C) producing the same output with fewer labor hours.
D) producing the same output with more labor hours.
C
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Which of the following is an example of an economic investment?
A. Purchasing shares of a mutual fund B. Putting money in a bank CD C. Buying a corporate bond or stock D. Building a new bank office
Higher real GDP growth usually causes
A) a drop in net exports. B) a rise in net exports. C) a drop in the trade deficit. D) A and C.
Any point on the budget constraint
A. Reflects the price of one good divided by the price of another good. B. Represent a combination of two goods that are affordable. C. Gives the consumer the highest level of utility. D. Represents combinations of two goods that yield the same utility.
In an open economy under flexible exchange rates, expansionary monetary policy that results in an increase in the money supply will always cause
A) an increase in output. B) an increase in exports. C) a reduction in the exchange rate, E. D) all of the above E) only A and C