Less of an economy's resources will be channeled into building new factories and equipment when:
a. interest rates are high
b. households decide to save more of their income.
c. firms are optimistic about their future profits.
d. aggregate income increases.
e. an economy has a trade deficit.
a
Economics
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A country's labor demand curve shifted to the right after the adoption of a new technology. This implies that the use of the new technology ________, assuming all else equal
A) reduced the marginal product of labor B) lowered the minimum wage that firms need to pay C) increased the minimum wage that firms need to pay D) increased the marginal product of labor
Economics
The delay between when a problem is recognized and when policy action is taken is referred to as the
A) recognition lag. B) action lag. C) effectiveness lag. D) policy lag.
Economics