Unemployment in the United States varies considerably over time.

Answer the following statement true (T) or false (F)

True

Economics

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With a technological change that increases productivity, the average product curve ________ and the marginal product curve ________

A) shifts upward; is unchanged B) is unchanged; is unchanged C) is unchanged; shifts upward D) shifts upward; shifts upward

Economics

For an inferior good, if the income effect more than offsets the substitution effect, we call that good

A) a Giffen good. B) a normal good. C) an inferior good. D) a neutral good.

Economics