Except for recessions, the duration of unemployment for the typical person lasts
A) less than six months.
B) six to nine months.
C) over nine months.
D) over one year.
E) over five years.
Answer: A
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The marginal product of capital is always ________ and it ________ as the capital stock increases
A) positive; increases B) positive; decreases C) negative; increases D) negative; decreases
Menu costs are an important source of price stickiness because ________
A) printing menus is costly B) putting items "on sale" reduces firms' revenue C) frequent price changes may lead to losing customers D) all of the above E) none of the above
Which of the following would shift the aggregate expenditure line upward?
a. an increase in labor supply b. a decrease in labor demand c. a decrease in government spending d. a decrease in net exports e. an increase in autonomous consumption spending
Additional capital makes its best contribution to economic growth by
A. Enhancing labor productivity. B. Giving savers more money to put into investment. C. Replacing labor. D. Allowing service industries to replace manufacturing industries as primary employers.