The inflation and unemployment rates experienced during the 1960s seemed to indicate that the economy was operating on the vertical segment of the aggregate supply curve
Indicate whether the statement is true or false
F
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If your marginal propensity to consume is 0.75 and you get an additional $400 in income, you would spend ___________ on consumption.
Fill in the blank(s) with the appropriate word(s).
A housewife who is returning to the labor force after an absence of 10 years is ________ unemployed until she finds work.
A. frictionally B. structurally C. cyclically D. seasonally
Sandra has been working as a software engineer for five years and Jack has been working as a software engineer for two years. Which of the following statements is true of Sandra and Jack?
A) Sandra is likely to earn lower wages than Jack. B) Sandra is likely to earn the same wage as Jack. C) Sandra is likely to be more productive at work than Jack. D) Sandra is likely to be equally productivity at work as Jack.
When long-run average cost remains constant as output increases there are constant
A) marginal returns. B) returns to scale. C) economies of scale. D) diseconomies of scale.