Total efficiency units of labor is:
A) obtained by multiplying the total number of workers in the economy by the average efficiency of each worker.
B) obtained by dividing the total capital stock of the economy by the total number of workers.
C) obtained by multiplying the total population of the economy by the average amount of capital available to each worker.
D) obtained by dividing the total number of workers in the economy by the average efficiency of each worker.
A
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During World War II the United States' economy grew by about ________ percent a year.
A. 5 B. 10 C. 15 D. 20
The efficient markets hypothesis implies that future changes in exchange rates should for all practical purposes be
A) unpredictable. B) set by each country. C) increasing. D) pegged to a standard such as the U.S. dollar or the Euro.
For a firm in a perfectly competitive market, its short-run supply curve is that portion of the MC curve above where it intersects with the average total cost curve.
Answer the following statement true (T) or false (F)
In Figure 15.4, a decrease in the money supply from $135 billion to $100 billion will cause all of the following except
A. A decrease in aggregate demand. B. A decrease in the price level. C. An increase in borrowing. D. A $10 billion decrease in investment.