Which decade had the greatest growth in U.S. labor productivity?
a. 1870s
b. 1920s
c. 1940s
d. 1960s
d
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A decrease in the demand for labor will ________ real wages and ________ employment
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
The GDP deflator measures
A) the quality of the goods and services in GDP. B) the quantity level. C) nominal GDP. D) real GDP. E) the price level.
If you have $2 million in a CD at a commercial bank that is a member of the FDIC, how much of your funds are uninsured?
A) $0 B) $1 million C) $1.75 million D) $2 million
Minimum-wage laws can keep wages
a. above equilibrium and cause a surplus of labor. b. above equilibrium and cause a shortage of labor. c. below equilibrium and cause a surplus of labor. d. below equilibrium and cause a shortage of labor.