Economic expansions might lead to inflation because an expansion leads to
A) a decrease in the unemployment rate, which decreases wages.
B) an increase in the unemployment rate, which decreases wages.
C) an increase in the unemployment rate, which increases wages.
D) a decrease in the unemployment rate, which increases wages.
D
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Whenever average output produced per worker during a specific time-period increases, then
A) leisure time increases. B) nominal GDP decreases. C) labor productivity increases. D) the standard of living goes down.
Henry Ford is most recognized for:
a. inventing new technology to further the steel production process. b. developing the first investment banks. c. implementing the first progressive, moving assembly-line system for large, complex final products. d. playing an integral role in developing the first American factory.