Which of the following is generally not a result of increases in productivity per person?
A. increases in per capita income.
B. economic growth.
C. increases in GDP per capita.
D. increase in unemployment.
D. increase in unemployment.
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Suppose the upward sloping labor supply curve shifts leftward in a labor market with a single employer (monopsony). What happens to the equilibrium wage and level of employment in the market?
A) Wage and level of employment increase. B) Wage increases and level of employment declines. C) Wage decreases and level of employment increases. D) Wage and level of employment decline.
Unplanned inventory increases: a. tend to result in an increase in income
b. tend to result in an increase in real output. c. result in an increase in production. d. signal that demand was weaker than expected.
In the real-world banking system, a bank can eliminate a reserve deficiency by
A. borrowing in the Federal funds market. B. borrowing from the Fed's discount window. C. selling securities. D. Any one of the choices or some combination is possible.
Suppose the Federal Reserve System has a required reserve ratio of 0.20 and there are no excess reserves in the system. If the Open Market Committee buys $20 million of securities from the commercial banking system, the total lending capacity of the system
A. Decreases by $100 million. B. Increases by $20 million. C. Decreases by $20 million. D. Increases by $100 million.