We may infer from the downward slope of the IS curve that lower interest rates are associated with ________
A) higher output
B) higher saving and/or lower net exports
C) higher investment
D) all of the above
E) none of the above
D
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The total U.S. labor force participation rate increased over the past 50 years because
A) the female labor force participation rate increased. B) more men are retiring early. C) fewer women are attending college. D) many blue-collar jobs with rigid work hours have been created in the last decade. E) the male labor force participation rate increased.
The term "variable input" is used to refer to inputs that vary in terms of quality and, therefore, productivity
Indicate whether the statement is true or false
Marginal revenue is the change in:
a. total revenue resulting from a one unit change in output. b. total revenue resulting from a change in marginal cost. c. price resulting from a one unit change in output. d. none of these.
Some say economic competition will continue to drive globalization, largely because any states hoping to get ahead will be pushed to accept
a. free trade. b. capitalism. c. democracy. d. collaboration.