In Table 9.2, Emily will lose no income if she becomes sick.
A. True
B. False
C. Uncertain
B. False
Economics
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Which of the following will not increase the rate of growth in an economy?
a. a reduction in the rate of savings b. an increase in the productivity of labor c. technological progress d. higher rates of investment
Economics
In the AD/AS model, a point where the economy's long-run AS curve, short-run AS curve, and AD curve all intersect at a single point represents a point where:
a. real GDP is equal to its full-employment level. b. all of these choices. c. the conditions of short-run equilibrium are fulfilled. d. the conditions of long-run equilibrium are fulfilled.
Economics