Output per worker is used to measure which economic indicator?
a. inflation
b. specialization
c. unemployment
d. productivity
d. productivity
Economics
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If the government imposes an effective ________, output decreases and ________ increases
A) price support; consumer surplus B) price floor; consumer surplus C) price support; total revenue D) price floor; marginal benefit to consumers E) price ceiling; efficiency
Economics
The crowding-out effect occurs when an expansionary fiscal policy increases the interest rate, decreases investment spending, and weakens fiscal policy.
Answer the following statement true (T) or false (F)
Economics