If workers sit idly by for a portion of their workday, but are still employed, ________
A) the negative productivity shock has no effect on output
B) it is unlikely that a decrease in aggregate demand is the cause
C) aggregate data may create a false illusion of a negative productivity shock
D) a negative productivity shock is the most plausible explanation
C
Economics
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The consumption function shows that when disposable income increases by one dollar, consumption expenditure
A) does not change. B) increases by more than a dollar. C) increases by one dollar. D) decreases by less than a dollar. E) increases by less than a dollar.
Economics
Describe the properties of a progressive tax and illustrate with an example
What will be an ideal response?
Economics