Starting from long-run equilibrium, a war that raises government purchases results in ________ output in the short run and ________ output in the long run.

A firm's technology may depend on which of the following factors?

A) the training of its workers B) the skill of its managers C) the speed and efficiency of its equipment D) all of the above

Which of the following is the least accurate statement?

a. GNP grew very slowly during the colonial period. b. The South's economic performance was very poor after the Civil War. c. Wealth in the colonial US was very equal because there had not been enough time for people to acquire significantly different levels of wealth. d. Wage inequality has increased since 1970.