According to the rational expectations theory, people's predictions about the future course of governmental economic policy influence the position of the short-run aggregate supply curve
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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The table above shows the total product schedule for The X Firm. The average product of labor is maximized at ________ workers because ________
A) 4; productivity is maximized when the 4th worker is employed B) 3; output starts to decrease with the 4th worker C) 5; output is maximized with the 5th worker D) 4; the marginal product of labor is increasing with the 4th worker E) 5; the APL exceeds the MPL for the 5th worker
Economics
A foreign aid that flows from one country to another is called a(n):
a. project aid. b. emergency aid. c. development aid. d. bilateral aid. e. multilateral aid.
Economics