The technique called input-output analysis was invented by

According to Okun's Law, if the unemployment rate decreased by 1.75% over a year, the annual growth rate of real GDP was ________

A) 6.5% B) 1.75% C) 3.5% D) 5%

A technological advancement has just occurred in the computer chip industry. In the computer chip market this will lead to

A) an increase in price and a decrease in quantity. B) an increase in price and an increase in quantity. C) a decrease in price and a decrease in quantity. D) a decrease in price and an increase in quantity.