How will each of the following affect the steady-state growth rate of the standard of living? Assume the economy is currently in the steady state
a. an increase in the depreciation rate
b. an increase in the growth rate of labor-augmenting technological change
c. a decrease in the saving rate
d. a decrease in the labor-force growth rate
a. It will not change.
b. It will increase.
c. It will not change.
d. It will not change.
Economics
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Suppose a single-price monopoly sells 3 units of a good at $20 per unit. If the monopoly sells 4 units, the total revenue increases to $72. What price is being charged for 4 units?
A) $52 each B) $18 each C) $60 each D) $12 each E) $20 each
Economics
A majority of people in the United States have private health insurance
Indicate whether the statement is true or false
Economics