A reduction in the parameter c, the proportion of money individuals wish to hold as currency, will tend to cause which of the following?
A) an increase in the monetary base (H)
B) a reduction in H
C) an increase in the money multiplier
D) a reduction in the money multiplier
C
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If average labor productivity increases, real GDP per person:
A. increases. B. decreases. C. may increase or decrease depending on the change in the share of population employed. D. remains constant.
If the per-worker production function shifts up,
A) negative technological change has occurred in the economy. B) it now takes more capital per hour worked to get the same amount of real GDP per hour worked. C) an economy can increase its real GDP per hour worked without changing the level of capital per hour worked. D) the per-worker production function becomes flatter.
An increase in the price level in the United States will reduce imports and increase exports
Indicate whether the statement is true or false
If a factory has an equal number of male and female employees, and all the male workers are more productive and are paid more than all the female workers, what does this most likely imply?
a. The wages are based on gender discrimination and sexism. b. The males all work harder than the females. c. Environmental factors have allowed the males to acquire more skills. d. Too many barriers are in place preventing females from being hired.