Why are politicians and economists concerned about the economic growth rate in the? U.S.?
What will be an ideal response?
Small differences in the rate of economic growth can make large differences in the standard of living over time.
You might also like to view...
How does imperfect information affect market decisions?
a. It doesn't, because information is generally excellent. b. It leads to inefficient outcomes in which expected benefits and actual benefits diverge. c. It leads to wasteful attempts to improve information. d. It leads to exploitation of sellers by buyers.
Terrell, an auto repair mechanic who remains unemployed because he refuses to work for less than $1,000 an hour, is
a. counted as part of the labor force. b. considered frictionally unemployed. c. an underemployed worker. d. not counted as part of the labor force. e. considered as productively active.