For the past 30 years, labor's share of national income ________ while labor productivity ________
A) fell dramatically, increased
B) remained roughly constant, dropped
C) remained roughly constant, increased
D) increased modestly, dropped
B
Economics
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If the consumption function is C = 90 + 0.75y, then the level of autonomous consumption is
A) 0.25. B) 0.75. C) 67.5. D) 90.
Economics
Compared to the perfectly competitive outcome, monopolistically competitive markets will result in:
a. a wider variety of products and higher prices. b. less product variety and higher prices. c. a wider variety of products and lower prices. d. less product variety and lower prices.
Economics