If there are diminishing marginal returns to labor,

a. output diminishes as additional workers are added
b. the management team grows as more workers are hired
c. the rise in output becomes smaller and smaller with each successive worker hired
d. the management team shrinks as successive workers are added
e. macroeconomic business cycles are generated by microeconomic production functions


C

Economics

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What will be an ideal response?

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The Taylor rule relates

a. inflation rates to unemployment rates. b. the federal funds rate to inflation and output rates. c. differences in the federal funds rate from its target to differences in inflation and unemployment from its target. d. differences in the federal funds rate from its target to differences in inflation and unemployment from its target. e. All of the above

Economics

If the demand for a product is price inelastic,

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Economics

William Julius Wilson believes that the rise of black urban poverty was caused by each of the following except

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Economics