Potential GDP per labor hour can increase due to
A) increases in labor productivity.
B) increases in the quantity of money.
C) increases in population.
D) decreases in the quantity of capital.
A
Economics
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When the plans of buyers and sellers are fully coordinated
A) the market clears. B) there is neither a shortage nor surplus of a good. C) quantity demanded equals quantity supplied. D) all of the above are true.
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Competitive markets will generally produce
A) too much of a public good. B) too little of a public good. C) the efficient amount of a public good. D) the efficient amount of a public good in the short run, but not in the long run.
Economics