During World War II, a labor shortage emerged in some markets. New recruits into the civilian labor force included
(a) teenage females.
(b) married women.
(c) retired people 65 years of age or older.
(d) all of the above.
(d)
Economics
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Suppose an economy has an increase in labor input of 60 percent, while output has increased by 100 percent. Assuming no change in total factor productivity, calculate the percentage increase in the capital input
(Use the Cobb-Douglas production function Y = A .)
Economics
The Consumer Price Index was 115 one year and 120 the next year. The rate of inflation from one year to the next was approximately:
A. 2.2 percent. B. 3.4 percent. C. 4.3 percent. D. 2.9 percent.
Economics