A decrease in the growth rate of labor productivity is likely to cause a decrease in ________
A) the growth rate of the real wage
B) the growth rate of the marginal product of capital
C) the growth rate of the labor supply
D) the share of labor income in national income
E) none of the above
A
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Cash flow is the difference between assets and revenues.
A. True B. False C. Uncertain
Refer to Table 20-8. Suppose that the data in the table above reflect the price levels in the economy. What is the inflation rate in between 2015 and 2016?
A) 2% B) 5% C) 10% D) 12% E) 20%
Purchases of Huggies diapers should
A) increase in recessions and decrease in expansions. B) decrease in recessions and increase in expansions. C) remain fairly constant over the business cycle. D) increase in recessions and remain constant in expansions.
In an economy with a fixed exchange rate, an increased demand for foreign goods would increase the supply of local currency, and the government would have to buy:
A. foreign currency in the foreign exchange market to prevent the domestic currency from depreciating. B. local currency in the foreign-exchange market to prevent the currency from depreciating. C. local currency in the foreign-exchange market to prevent the currency from appreciating. D. foreign currency in the foreign exchange market to prevent the domestic currency from appreciating.