The aggregate production function
A) measures the productivity of labor as leisure decreases.
B) increases only with increases in productivity.
C) shows that real GDP can increase because of increased productivity as well as increased labor hours.
D) cannot show the impacts of productivity improvements.
C
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An inward shift of the production possibilities frontier represents
A) positive economic growth. B) negative economic growth. C) a rise in the unemployment rate. D) technological improvement.
Which of the following is a difference between stocks and bonds?
A. Bonds may be issued by corporations or government; stock is only issued by corporations. B. Stock may be issued by corporations or government; bonds are only issued by corporations. C. Bonds are only issued by government; stock is only issued by corporations. D. There is no difference in terms of who issues stocks and bonds.