When an economy experiences a one-time increase in productivity, there is an increase in the long-run, steady state value of ________
A) the growth rate of output
B) the depreciation rate
C) consumption per worker
D) the saving rate
C
Economics
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A monopolistic competitive firm is inefficient because the firm:
a. earns positive economic profit in the long run. b. is producing at an output corresponding to the condition that marginal cost equals price. c. is not maximizing its profit. d. produces an output where average total cost is not minimum.
Economics
Which one of the following is part of the M2 definition of the money supply, but not part of M1?
A. checkable deposits B. currency held in banks C. currency in circulation D. small time deposits of less than $100,000
Economics