Refer to the Article Summary. ________ depend on increases in labor productivity
A) Decreases in the unemployment rate B) Advances in technology
C) Increases in real GDP per capita D) Decreases in the inflation rate
C
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An increase in the supply of money, other things being equal, will raise the equilibrium interest rate
a. True b. False Indicate whether the statement is true or false
Which of the following is most likely to reduce the supply of labor?
A. An increase in population B. A decrease in labor productivity C. An increase in the value placed on leisure by workers D. A decrease in the value placed on leisure by workers
It is difficult for cyclically unemployed individuals to find jobs because:
A. they do not meet the qualifications required for the available jobs. B. the economy is in a recession. C. they quit their last job and employers view them with suspicion. D. they have not looked long enough to find a job.
You are the manager of a monopoly that faces a demand curve described by P = 63 ? 5Q. Your costs are C = 10 + 3Q. The profit-maximizing price is:
A. 55. B. 33. C. 27. D. 20.