The marginal product of land depends on the quantity of land that is available
a. True
b. False
Indicate whether the statement is true or false
True
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Given the accelerationist Phillips curve ?? = - 0.3 (U - 6 ) + ?, suppose that inflation in the preceding period was 3 percent, unemployment is 7 percent, and there is no price shock. The current inflation rate is ________
A) 2.7 percent B) 3 percent C) 0.9 percent D) 3.3 percent E) none of the above
If Jackie needs special film to go with her new camera, then for her these two goods have what type of relationship?
a. Substitute. b. Complementary. c. Nonlinked. d. Reversed. e. Insensitive.
Which of the following is correct?
a. The maturity of a bond refers to the amount to be paid back. b. The principal of the bond refers to the person selling the bond. c. A bond buyer cannot sell a bond before it matures. d. None of the above is correct.
For this question, assume that firms experience a reduction in sales. We would expect that this decrease in sales will cause
A) an increase in profit per unit of capital. B) a decrease in profit per unit of capital. C) no change in profit per unit of capital. D) ambiguous effects on profit per unit of capital. E) none of the above