The estimate of potential GDP would decrease if
a. the rate of capital depreciation increased.
b. the labor force decreased.
c. the price level grew.
d. All of the above would increase potential GDP.
b
Economics
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What does the law of diminishing returns imply for the shape of the marginal cost curve?
What will be an ideal response?
Economics
Since about 1980,
a. production worker pay in the U.S. has grown faster than CEO pay b. the typical U.S. CEO has come to earn more than the typical NBA basketball player c. CEO pay in Europe has grown much faster than CEO pay in the U.S. d. CEO pay in the U.S. has grown to a very large multiple of production worker pay e. the ratio of CEO pay to production worker pay in the U.S. has not changed much, although both groups receive much high pay now
Economics