Multiple Choice
Most economists believe the single largest cause of rising material living standards over long periods of time is
A) productivity growth.
B) rising employment.
C) growth in the capital stock.
D) real GDP growth.
E) rising real wages.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: The most common measure of productivity is
Q3: What is potential or full-employment output?<br>A)the maximum
Q4: Which of the following macroeconomic variables in
Q5: In macroeconomics,if the value of the national
Q6: If the cyclical unemployment rate is negative,then
Q8: In general,productivity is a measure of<br>A)the economy's
Q9: The table below provides macroeconomic data for
Q10: It is important for policymakers to recognize
Q11: Workers with experience and skills sometimes lose
Q12: If one Canadian dollar can be exchanged