Multiple Choice
The most direct effect of an increase in the growth rate of average labor productivity would be an increase in
A) the inflation rate.
B) the unemployment rate.
C) the long-run economic growth rate.
D) imported goods.
Correct Answer:
Verified
Correct Answer:
Verified
Q13: John Maynard Keynes disagreed with the classical
Q14: The classical approach to macroeconomics assumes that<br>A)wages,
Q15: Why is macroeconomic forecasting so difficult? Does
Q16: From 1800 to 1940,the price level in
Q17: The highest and most prolonged period of
Q19: An economy that doesn't interact economically with
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Q22: The primary factor that caused most economists
Q23: Keynes assumed that wages and prices were