Suppose the current level of output is 5000 and the elasticity of output with respect to labor is 0.7. A 10% increase in labor would increase the current level of output to

Depository institutions are the most important source of credit to

A) mutual funds. B) large businesses. C) small businesses. D) state governments.

Double-digit inflation

a. has occurred in the United States in only three of the past fifty years b. has occurred throughout most of United States history c. is also called creeping inflation d. was the norm in the United States until the end of the Vietnam War e. has not occurred in the United States since the Great Depression