Which of the following factors is not believed to affect output in the long run?
A) technology
B) monetary policy
C) the size of the labor force
D) the capital stock
B
You might also like to view...
If there is excess demand in a perfectly competitive market, does the government need to intervene to restore the equilibrium price and quantity?
What will be an ideal response?
Admission to the Euro required in 1997 that a country's government deficit not exceed ________ percent of GDP
A) twenty B) fourteen C) seven D) three
If the price of a product rises, consumers buy less of the good because the:
a. MU/P of the good falls below the MU/P of other goods. b. MU/P of the good rises above the MU/P of other goods. c. marginal utility of the good diminishes. d. total utility of the good diminishes. e. marginal utility of the good rises.
Which of the following statements about trade deficits is FALSE?
A. Budget deficits tend to produce trade deficits. B. The U.S. has run a trade deficit for about 40 years. C. The U.S. trade deficit widened sharply in the1990s. D. A trade deficit makes it less likely that foreigners will make investments in a country.