Increasing the capital available to the workforce, holding other factors constant, tends to ________ total output while ________ average labor productivity.

The recession of the early 1990s, which followed a period of sustained prosperity, can best be explained as resulting from

a. cost-push inflation b. a decrease in aggregate demand c. a decrease in aggregate supply d. stagflation e. too many speculative real estate deals

Average product of labor is calculated as

A. (total product) x (total units of labor). B. (marginal product) / (total product). C. (total units of labor) / (total product). D. (total product) / (total units of labor).