Given the information in Figure 14.4, the monopoly wage rate is:
A) W1.
B) W2.
C) W3.
D) W4.
E) none of the above
C
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What is the short-run and long-run effect on the nominal interest rate from an increase in the growth rate of the quantity of money?
What will be an ideal response?
In the Solow growth model, the growth rate of real GDP per worker depends on the ________, and in the AK growth model, the growth rate of real GDP per worker depends on the ________
A) rate of depreciation; rate of dilution B) investment growth; rate of population growth C) growth rate of the capital stock; growth rate of the labor force D) rate of labor-augmenting technological change; national saving rate
Which of the following is a form of outsourcing?
A) changing your own oil B) washing your clothes C) getting your fruits and vegetables from the farmers' market D) studying for your economics exam
The short-run cost function is:
a. where all inputs to the production process are variable b. relevant to decisions in which one or more inputs to the production process are fixed c. not relevant to optimal pricing and production output decisions d. crucial in making optimal investment decisions in new production facilities e. none of the above