Price indexes allow us to convert __________ measures of output into _________ measures of output, because an increase in that would mean economic growth.

The delay between the time a policy is enacted and the time the policy has its effect on the economy is called

A) the impact lag. B) the implementation lag. C) the government lag. D) the recognition lag.

For a monopsonist, the marginal factor cost curve will be above the supply of labor curve. The marginal factor cost curve is above the supply curve because

A) the monopsonist will take advantage of labor and offer them lower wages. B) in order for the monopsonist to sell an additional unit of the good, the price of the good must be lowered. C) in order for the monopsonist to hire more labor the monopsonist must also purchase more capital. D) the monopsonist will have to pay all workers a higher wage rate than the current wage rate if it wants to hire more workers.