The ADS Business Conditions Index is a
A. leading index based on variables released with different frequencies.
B. coincident index based on 85 monthly variables.
C. coincident index based on variables released with different frequencies.
D. leading index based on 85 monthly variables.
Answer: C
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From one year to the next, a country's output rose from 4000 to 4500, its capital stock rose from 10,000 to 12,000, and its labor force declined from 2000 to 1750. Suppose aK = 0.3 and aN= 0.7
(a) How much did capital contribute to economic growth over the year? (b) How much did labor contribute to economic growth over the year? (c) How much did productivity contribute to economic growth over the year?
What caused 25,000 workers to be laid off in the boat industry?
a. the 10 percent luxury tax b. the 5 percent income tax c. the 15 percent real estate tax d. the 8 percent gift tax
In oligopoly, any action by one firm to change price, output, or quality causes
A) a reaction by other firms. B) no reaction from the other firms. C) a profit gain for the other firms. D) loss of market share by the acting firm.
An increase in output will cause the unemployment rate to fall by a larger percentage if
A. firms are holding excess labor. B. firms have their workers work more overtime. C. firms hire workers who were already employed by other firms to work for them part-time. D. firms aren't holding excess labor.