Which of the following is most likely to cause the productivity of labor to increase?
a. higher money wages
b. a higher rate of investment in human and nonhuman capital
c. more flexible working hours and improved retirement plans
d. an increase in the proportion of the workforce that belongs to a labor union
B
Economics
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When the value of loans begins to drop, the net worth of financial institutions falls causing them to cut back on lending in a process called
A) deleveraging. B) releveraging. C) capitulation. D) deflation.
Economics
Assume that MPS is 0.4. If spending increases by $8 billion, then real GDP will increase by:
A. $8 billion B. $13.3 billion C. $15 billion D. $20 billion
Economics