Other things equal, if the labor input grows faster than total output, total factor productivity falls
a. True
b. False
Indicate whether the statement is true or false
True
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How can you compute the total utility derived from consuming five hamburgers using marginal utilities?
What will be an ideal response?
The two interconnected concepts that lie at the heart of many financial crises are:
A. rational expectations and leverage. B. irrational expectations and forecasting. C. forecasting and leverage. D. irrational expectations and leverage.
Lead is an important input in the production of crystal. If the price of lead decreases, other things equal, we would expect the supply of
a. crystal to be unaffected.
b. crystal to decrease.
c. crystal to increase.
d. lead to increase
When the marginal propensity to consume (MPC) increases
A. the multiplier remains unchanged. B. the multiplier decreases. C. the average propensity to save remains unchanged. D. the multiplier increases.