In the above table, the marginal product is greatest when the
A) first worker is hired.
B) second worker is hired.
C) third worker is hired.
D) fourth worker is hired.
B
Economics
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Higher rates of anticipated inflation would tend to:
a. increase velocity and decrease nominal GDP. b. increase velocity and increase nominal GDP. c. decrease velocity and decrease nominal GDP. d. decrease velocity and increase nominal GDP.
Economics
To say money is socially defined means that:
A. money has been defined in a Constitutional amendment. B. whatever performs the functions of money extremely well is considered to be money. C. the money supply includes all public and private securities purchased by society. D. society, acting through Congress, specifies what shall be included in the money supply.
Economics