If the utilization rates of capital and labor are procyclical, then
A. prices will be countercyclical.
B. output will rise in recessions and decline in expansions.
C. measured productivity will be constant.
D. the Solow residual will be procyclical.
Answer: D
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A) is the tax revenue the government collects when people die. B) is the split of a tax between the amount paid and the amount collected. C) equals the amount collected as revenue from the tax. D) is called the excess burden of the tax. E) equals the amount collected as revenue from the tax plus the excess burden of the tax.
Causes of the changing role of women in American society over the past several decades include new technologies that have reduced the amount of time required to complete routine household tasks, improved birth control, and changing political and social attitudes
a. True b. False Indicate whether the statement is true or false