Which of the following will NOT increase the average productivity of labor?
A. An increase in the stock of real capital
B. Improvement in the education and health of the population
C. Technological progress
D. An increase in the size of the labor force
D. An increase in the size of the labor force
Economics
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In a payoff matrix for a three-player game, there are three payoffs in each cell. The third payoff goes to the column player
Indicate whether the statement is true or false
Economics
The expected real interest rate (re) in terms of the nominal interest rate (R) and the expected inflation rate (?e) is given by
A) re = ?e + R. B) re = 2?e + R2. C) re = ?e + R2. D) re = R - ?e. E) re = R2 - ?e.
Economics