Multiple Choice
An increase in total factor productivity
A) increases consumption, increases output, and increases the real wage.
B) reduces consumption, increases output, and increases the real wage.
C) reduces consumption, increases output and reduces the real wage.
D) reduces consumption, reduces output, and reduces the real wage.
E) increases consumption, reduces output, and increases the real wage.
Correct Answer:
Verified
Correct Answer:
Verified
Q8: Changes in government spending are not likely
Q9: The Laffer Curve illustrates the relationship between<br>A)
Q10: In an economic model,an endogenous variable is<br>A)
Q11: In response to an increase in total
Q12: An example of a public good is<br>A)
Q14: A Pareto optimum is a point that<br>A)
Q15: A competitive equilibrium is a state of
Q16: In the one-period competitive model we have
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Q18: The rate at which one good can