The most direct effect of an increase in the growth rate of average labor productivity would be an increase in
A) the inflation rate.
B) the unemployment rate.
C) the long-run economic growth rate.
D) imported goods.
C
Economics
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A major cost of unemployment is lost production
a. True b. False Indicate whether the statement is true or false
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A perfectly elastic demand implies that
a. buyers will not respond to any change in price. b. any rise in price above that represented by the demand curve will result in a quantity demanded of zero. c. quantity demanded and price change by the same percent as we move along the demand curve. d. price will rise by an infinite amount when there is a change in quantity demanded.
Economics