The value of marginal product of labor is the ________ when one additional unit of a labor is employed, all other things remaining the same

According to economists of the rational expectations school, _____

a. the passive approach must be adopted because they believe the economy is too complex b. individual forecasts about policies can never be right c. anticipated monetary policy can affect the output level d. discretionary policy can stabilize the economy e. discretionary policy should be completely avoided

Natural monopolies often arise in industries where the marginal cost of adding an additional customer is high

a. True b. False Indicate whether the statement is true or false