NetJets, which is the first time-share program for aircraft, cuts transaction costs by:
a. providing economic service to its passengers.
b. being responsible for crews, maintenance, and compliance with Federal regulation.
c. reducing the time taken for traveling between destinations.
d. allowing owners to transfer their shares, change the size of their shares, and purchase shares of other planes.
B
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Why do some people think that the productivity slowdown since 1973 is just a return to normalcy after fast productivity growth during the previous 25 years?
A) Productivity growth of the previous 25 years was abnormally low. B) The Great Depression and World War II had prevented technological opportunities from being exploited. C) The United States is the only country to face the slowdown, due to poor regulatory decisions. D) The United States has allowed countries like Japan to steal its technological breakthroughs.
When a shift in the aggregate supply curve is caused by a change in the price level, the aggregate demand curve also shifts
Indicate whether the statement is true or false