Which of the following is characteristic of the Keynesian region of the aggregate supply curve?
a. The aggregate supply curve is vertical.
b. RGDP is completely determined by aggregate demand.
c. Wages and prices are flexible in the short run.
d. Real values and nominal values are not equal.
b. RGDP is completely determined by aggregate demand.
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Productivity growth can be measured ________
A) by dividing output by Kt0.3 Lt0.7 B) by adding the contributions from capital growth and labor growth C) by subtracting the contributions from capital growth and labor growth from the growth of output D) by dividing the growth of output by the contributions from capital growth and labor growth
A company is producing 15,00 . units. At this output level, marginal revenue is $22 and the marginal cost is $18 . The firm sells each unit for $48 and average total cost is $40 . What can we conclude from this information?
a. The company is making a loss b. The company needs to cut production c. The company needs to increase production d. Not enough information is provided
What is the future value of $800 one year from today if the interest rate is 7 percent?
a. $747.66 b. $756.00 c. $856.00 d. None of the above are correct to the nearest cent.
At an output of 12, ATC is $12 and price is $9. At an output of 13, ATC is $12.40 and price is $9. MC = MR at an output of 12.6. At that output the firm will
A. take a loss. B. break-even. C. make a profit.