If the Fed raises the interest rate, this will ________ inflation and ________ real GDP in the short run
A) reduce; raise
B) increase; lower
C) increase; raise
D) reduce; lower
Answer: D
Economics
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The above figure shows the short-run production function for Albert's Pretzels. The marginal productivity of labor equals the average productivity of labor
A) for all levels of labor. B) at none of the levels of labor. C) only for the first worker. D) only for the fifth worker.
Economics
A variety of fuels can be used to generate electricity. Considering only the availability of the fuel and not the cost of converting it into electricity, which of the following fuels is most scarce?
a. wind power b. solar energy c. fossil fuel d. hydro-power
Economics