Some economists argue that the increases in aggregate demand for output spurred by wartime spending, complemented by the strong spending in the private sector, impacted the U.S. economy by
(a) increasing production and employment.
(b) increasing employment and income.
(c) increasing income, thus fueling additional spending.
(d) contributing to all of the above.
(d)
Economics
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The benefit to the firm of hiring another worker is
A) the nominal wage. B) the price level. C) the real wage. D) the extra output produced by the worker. E) measured as the height of the production function.
Economics
Frictional unemployment
A) includes discouraged workers. B) is voluntary part-time unemployment. C) is unemployment associated normal labor turnover. D) is unemployment associated with declining industries.
Economics