Which of these is not assumed to be constant along a short-run aggregate supply curve?
a. The actual price level
b. The state of technology
c. The size and quality of the labor force
d. The expected price level
e. The size and quality of the capital stock
a
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Why do some people think that the productivity slowdown since 1973 is just a return to normalcy after fast productivity growth during the previous 25 years?
A) Productivity growth of the previous 25 years was abnormally low. B) The Great Depression and World War II had prevented technological opportunities from being exploited. C) The United States is the only country to face the slowdown, due to poor regulatory decisions. D) The United States has allowed countries like Japan to steal its technological breakthroughs.
Which of the following organizations is exempt from prosecution under the Sherman Antitrust Act (1890)?
A) retailers B) book publishers C) labor unions D) television stations