The self-correcting tendency of the economy means that falling inflation eventually eliminates:
A. exogenous spending.
B. recessionary gaps.
C. expansionary gaps.
D. unemployment.
Answer: B
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Using the information in the table above, calculate the number of people in the labor force
A) 2500 B) 2100 C) 1500 D) 800
Which of the following could lead to an increase in worker productivity?
a. A decrease in the physical capital stock b. An increase in the number of workers c. A war that destroys an enormous amount of plant and equipment d. An increase in the physical capital stock e. A decrease in the human capital stock
If suppliers of garbage collection services charged the full costs of providing the service, the supply curve would
A. change to a positive slope. B. change to a negative slope. C. shift to the left. D. shift to the right.
The cumulative distribution function for a standard logistic random variable is a decreasing function.
Answer the following statement true (T) or false (F)