The aggregate expenditure model focuses on the relationship between ___ and ___ in the short run, assuming ___ is constant
Fill in the blank(s) with the appropriate word(s).
total spending; real GDP; price level
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What happens in the primary market?
A) newly issued claims are sold by the borrowing firm to the initial buyer B) already issued claims are sold from one investor to another C) primary inputs like electricity are sold D) a corporate financial manager will resell previously issued shares of stock
Which of the following statements is (are) correct? According to United States data,
a. the rate of growth in output and labor productivity has slowed over the past two decades. b. growth in the labor force has steadily increased since 1960. c. the growth rates of capital has slowly increased since the 1960s. d. the rate of growth in output and labor productivity was slower during the 1990s. e. none of the above.
In the United States, the federal minimum wage in early 2016 was:
A. $7.73 per hour. B. $8.00 per hour. C. $6.50 per hour. D. $7.25 per hour.
The goal of product differentiation and advertising in monopolistic competition is to make:
A. the firm allocatively efficient even if it is not productively efficient. B. price more of a factor and product differences less of a factor in consumer purchases. C. price less of a factor and product differences more of a factor in consumer purchases. D. the firm productively efficient even if it is not allocatively efficient.