What has been the range of the decline in real output during recessions in the U.S. between 1950 and 2009?
A. -0.2 percent to -3.7 percent
B. -5.1 percent to -9.8 percent
C. -10.4 percent to -14.6 percent
D. -15.0 percent to -19.9 percent
A. -0.2 percent to -3.7 percent
Economics
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What can account for the negative slope of the marginal revenue product curve?
A) Diminishing marginal utility B) Diminishing marginal returns C) Monopsony power D) All workers eventually begin slacking. E) none of the above
Economics
If we know that the area between the Lorenz curve and the diagonal is 2,500, and the area of the square (the triangles above and below the diagonal) is 10,000 . then the Gini coefficient is
a. 0 b. 0.25 c. 0.50 d. 0.75 e. 1.0
Economics