Average productivity will fall as long as
A) marginal productivity is falling.
B) it exceeds marginal productivity.
C) it is less than marginal productivity.
D) the number of workers is increasing.
B
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To increase workers' incomes, the City of New York's government set a wage below which it is illegal for employers to pay employees. This wage is referred to as the
A) union wage. B) government wage. C) efficiency wage. D) minimum wage. E) city wage.
In 2008, Australia had a government budget surplus of $21.7 billion. This budget surplus shifts the demand for loanable funds curve ________
A) leftward and lowers the real interest rate. B) leftward and creates a crowding-out effect. C) rightward and creates a crowding-out effect. D) rightward and creates a Ricardo-Barro effect.
Balance of payments deficits arise whenever the exchange rate is set at an artificially high level
a. True b. False Indicate whether the statement is true or false
QE2 was an effort to revive the economy in 2010 and 2011. It relied on
A. new tools of monetary policy. B. discretionary fiscal policy. C. the traditional tools of monetary policy. D. all of the options are correct.