Using the textbook's production function, if two percent more labor working with two percent more capital produces two percent more real GDP, then "multifactor productivity" has
A) risen by four percent.
B) risen by two percent.
C) remained unchanged.
D) fallen by one percent.
E) fallen by two percent.
C
Economics
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The effects of financial deregulation on the IS and LM curves ________ the volatility of interest rates as the curves shift, such as the change in the amount that the interest rate must ________ when the Fed conducts open market purchases
A) decrease, rise B) decrease, fall C) increase, rise D) increase, fall
Economics
Which of the following persons would be considered unemployed?
a. A house wife b. A 15-year-old looking for summer employment c. A person who worked more than 20 hours in a family-owned business d. A recent college graduate looking for her first job e. A full-time student
Economics