The production function shows that potential GDP increases when the
A) price level rises.
B) price level falls.
C) inflation rate falls.
D) quantity of labor employed increases.
E) the wage rate falls.
D
Economics
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From 2002 to 2011, the average unemployment rate in the United States
A) was higher than the average unemployment rates in most high-income European countries. B) and the average unemployment rates in other high-income countries varied significantly. C) was roughly the same as the average unemployment rates in other high-income countries. D) was the lowest of all high-income countries.
Economics
Which of the following gadgets is hoped to deliver a Third Industrial Revolution?
A. Tablet computers or iPads B. GPS and iPhones C. 3-D printers D. Drones or unmanned aerial vehicles
Economics