In general, as the amount of labor input decreases, the amount of output

A. increases.
B. decreases.
C. remains constant.
D. decreases only if the capital stock also decreases.

Answer: B

Economics

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Most of the Fed's policy tools impact aggregate demand as a whole. Is there any way that the Fed could have targeted the housing market directly in the mid-2000s?

A. Yes, through its power to impact real estate appraisals. B. Yes, through its power to regulate banks. C. No, there is no way the Fed can target a specific industry. D. Yes, through its power to set mortgage interest rates.

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The table gives some data on the supply of roses in a small town. When the price rises from $15 a dozen to $25 a dozen, the elasticity of supply is ________

A) 1.25 B) 5.00 C) 0.20 D) 0.80

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