When an economy experiences a one-time increase in productivity, there is an immediate increase in ________
A) the saving rate
B) the capital-labor ratio
C) the depreciation rate
D) consumption per worker
D
You might also like to view...
Europe and Asia both fall into deep economic recessions. What impact will this have on U.S. aggregate demand
A) None. A nation’s aggregate demand is only a3ected by its own economic conditions. B) U.S. aggregate demand will remain unchanged. C) U.S. aggregate demand will decrease. D) The U.S. aggregate demand curve will shi) to the right.
Which of the following is a flow variable?
a. the number of cars registered in the U.S. b. the number of unemployed workers this week c. your total net worth yesterday d. the government debt this year e. a salary of $4,000 per month
What might cause economies of scale?
If a gamble has an expected value of $10, then one can predict that:
A. all risk-neutral people will take the gamble. B. only risk-averse people will take the gamble. C. the gamble never pays out more than $10. D. no risk-averse person will take the gamble.