Suppose the production function is given by Q = 3K + 4L. What is the marginal product of capital when 5 units of capital and 10 units of labor are employed?

When an economy is above full employment and the government has a budget deficit, that deficit

A) is less than the structural deficit. B) exceeds the structural deficit. C) is equal to the cyclical deficit minus the structural deficit. D) is equal to the cyclical deficit. E) is equal to the structural deficit minus the cyclical deficit.

The longer the time period considered, the greater the mobility within an income distribution

a. True b. False Indicate whether the statement is true or false