Gordon notes that the average growth rate of labor productivity between 1996 and 2004 was ________ percent, and the average reached ________ percent in 2003-04
A) 3; 3.5
B) 2; 205
C) 1.7; 3.2
D) 2; 1.5
A
Economics
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A high inflation rate will
A) harm those who have saved while helping those who have borrowed. B) harm those who have borrowed while helping those who have saved. C) harm those who have saved and those who have borrowed. D) benefit those who have saved and those who have borrowed.
Economics
The substitution effect is a trade-off between ___________ and _________________.
Fill in the blank(s) with the appropriate word(s).
Economics