The events of September 11, 2001 had a major direct impact on the economy's GDP
a. True
b. False
B
Economics
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Which of the following inputs can be changed in the short run?
A) Machinery B) Land owned C) Office Space D) Labor employed
Economics
What is a nonrival good? Give an example
What will be an ideal response?
Economics
The demand for labor under imperfect competition is
a. more elastic than the demand for labor under perfect competition. b. more inelastic than the demand for labor under perfect competition. c. the same as the demand for labor under perfect competition. d. perfectly inelastic.
Economics
If the MPC = 0.75, then the spending multiplier must be:
A. 3 B. 4 C. 5 D. 1.25
Economics