According to economists, one of the signs of an unhealthy economy is a(n)
a. rising labor productivity.
b. increasing real GDP.
c. declining real GDP.
d. declining unemployment.
c
Economics
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The price elasticity of demand for gasoline measures the:
a. responsiveness of gasoline producers to changes in the quality of gasoline. b. responsiveness of customers to changes in the price of gasoline. c. responsiveness of consumer preferences to changes in the quality of gasoline. d. both a and c above.
Economics
Our measurement of output per worker is called:
A. productivity. B. production growth rate. C. nominal output. D. None of these is true.
Economics