Microeconomics and macroeconomics use different types of analysis
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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If a technological change occurs such that the production function shifts from q = 10K0.5 L0.5 to q = 10.5K0.3 L0.5, then the technological change is
A) both neutral and non-neutral. B) neutral. C) non-neutral. D) Not enough information given.
Economics
With respect to the interest rate, the inflationary premium
A. is derived from the COLA. B. is the interest rate expressed in today's dollars. C. covers anticipated depreciation in purchasing power. D. is added to the nominal rate of interest to obtain the real rate of interest.
Economics