A perfectly inelastic supply curve is vertical
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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One of the shortcomings of the Solow model is that it
A) treats technological change as freely available to all countries. B) does not treat technological change as freely available to all countries. C) treats technological change as an endogenous variable. D) treats technological change as the only source of economic growth.
Economics
Holding other factors constant, technological progress ________ the real wage and ________ employment.
A. decreases; increases B. increases; decreases C. increases; does not change D. increases; increases
Economics