Plumbers and carpenters are examples of industrial unions
a. True
b. False
B
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Which of the following would increase the investment component of U.S. GDP?
A. You purchase a new clothes washing machine produced in the U.S. B. A laundry in Mexico purchases a new clothes-washing machine produced in the U.S. C. You purchase a new clothes washing machine produced in France. D. A laundry in Seattle purchases a new clothes-washing machine produced in the U.S.
A diagram of a productivity curve has
A) real GDP per hour of labor on the y-axis and hours of labor on the x-axis. B) capital per hour of labor on the y-axis and real GDP per hour of labor on the x-axis. C) real wages per hour on the y-axis and real GDP per hour of labor on the x-axis. D) real GDP per hour of labor on the y-axis and real wages per hour on the x-axis. E) real GDP per hour of labor on the y-axis and capital per hour of labor on the x-axis.
Ongoing government budget deficits complicate the Fed's monetary policy because ________. The Fed's monetary policy complicates Congress's deficit cutting because if the Fed ________.
Fill in the blank(s) with the appropriate word(s).
Which statement is true?
A. The U.S. standard of living is higher than that of India because we have more capital. B. It is easier to attain full production than full employment. C. The United States often operates outside the production possibility frontier. D. All of the statements are true.