The production function relates
A. the output price to factors of production.
B. factors of production to profit.
C. wages to labor employed.
D. factor prices to output prices.
E. factors of production to total output.
Answer: E
Economics
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The multiplier represents the ratio of the total shift in aggregate demand to the
A) initial shift in aggregate demand. B) total shift in long-run aggregate supply. C) initial shift in short-run aggregate supply. D) total shift in short-run aggregate supply.
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A goal of very high employment may lead to ________
A) inflationary monetary policy B) inflationary fiscal policy C) demand-pull inflation D) all of the above E) none of the above
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