An anti-growth view would be that there may be a significant trade off between productivint and
What will be an ideal response?
the quality of life
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Which of the following is true?
A) Employment and unemployment are both coincident with the business cycle. B) Employment and unemployment are both procyclical. C) Employment is procyclical and unemployment is coincident with the business cycle. D) Employment is procyclical and unemployment is countercyclical.
An increase in the quantity demanded of a good is most often due to
a. current prices b. higher prices c. higher income d. lower prices e. technological change
The discount rate:
A. is the rate of interest charged by the Fed when it lends money to private banks. B. is the reduction in the prime rate that big banks provide to corporate borrowers. C. is always equal to the market rate minus the core rate of inflation. D. is the rate that private banks charge other private banks for a loan.
Marginal cost is:
a) Total revenue minus total cost. b) The change in total costs because of a one-unit increase in output. c) Total cost divided by the rate of output. d) The average profit divided by the quantity sold.