If Q is total real output, K is capital in use, and L is labor employed, then _____ is the formula to calculate the productivity of labor
a. K/L
b. L/K
c. Q/L
d. Q/K
e. (Q + K)/L
c
Economics
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Fiscal policy that occurs naturally without the need for legislation is known as:
A. lag-free automatic fiscal policy. B. monetary policy. C. targeted fiscal policy. D. an automatic stabilizer.
Economics
A $100 annuity is
a. $100 received in a single year b. $100 received each year forever c. more or less than $100, dependent on the interest rate, received for a certain number of years d. $100 received each year for a certain number of years e. more or less than $100, dependent on the interest rate, received until an upper limit is reached
Economics