If economic output is increased by increasing the number of people working in the economy, then
a. both GDP per capita and labor productivity will increase.
b. both GDP per capita and labor productivity will decrease.
c. GDP per capita will increase.
d. Labor productivity will increase.
c
Economics
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An decrease in quantity supplied is represented by a leftward shift of the supply curve
Indicate whether the statement is true or false
Economics
The recognition time lag is the time that elapses between
A) when an economic problem manifests itself and it is officially acknowledged. B) the recognition of an economic problem and implementing policies to solve it. C) implementing policies to solve an economic problem and when the results of that policy can be measured. D) the beginning of the budgetary process and the final budget resolution.
Economics