Workers in the United States are ________ workers in China because ________
A) more productive than; workers in the United States have more capital per worker.
B) more productive than; there are more college-educated workers in the United States.
C) less productive than; the labor force participation rate is lower in the United States.
D) less productive than; there are fewer workers in the United States.
E) equally as productive as; China's real GDP per person equals the U.S. real GDP per person.
A
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Which of the following effects takes place as a result of automatic stabilization?
A) extra tax revenues are generated in a boom B) tax revenues remain constant during a recession C) leakages increase during a recession, helping to stimulate the economy D) Both A and C are correct.
The long-run aggregate supply curve is: a. upward sloping
b. downward sloping. c. vertical at full-employment real GDP. d. horizontal at full-employment real GDP.