If a major union goes on strike, then the country would be operating inside its production possibilities frontier
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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If the utilization rates of capital and labor are procyclical, then
A) output will rise in recessions and decline in expansions. B) measured productivity will be constant. C) the Solow residual will be procyclical. D) prices will be countercyclical.
Economics
The marginal cost of additional health care when there are copayments is zero
a. True b. False
Economics