The marginal physical product of labor is
a. the slope of the total output curve at the relevant point.
b. the negative of the slope of the total output curve at the relevant point.
c. the slope of the line connecting the origin with the relevant point on the total output curve.
d. the negative of the slope of the line connecting the origin with the relevant point on the total output curve.
a
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To complete the theory of exchange rates, a model should be created that:
a. accommodates short-run changes in variables. b. accommodates long-run changes in variables. c. accommodates changes in expectations. d. accommodates short-run and long-run changes in variables and changes in expectations
What is the difference between the nominal interest rate and the real interest rate?
What will be an ideal response?