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Author Question: According to the Thomas (1954) analysis, American investment in industrial physical capital was ... (Read 61 times)

LCritchfi

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  • Posts: 519
on: Jun 30, 2018
According to the Thomas (1954) analysis, American investment in industrial physical capital was
 
  (a) labor-using in upswings of immigration.
  (b) labor-saving in upswings of immigration.
  (c) labor neutral over the course of immigration.
  (d) relentlessly labor-saving no matter what.

Question 2

The term stagflation refers to an economy with the simultaneous problems of
 
  (a) rising inflation rates and falling unemployment rates.
  (b) rising deflation and unemployment rates.
  (c) rising inflation and unemployment rates.
  (d) falling deflation and unemployment rates.


cassie_ragen

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Reply #1 on: Jun 30, 2018
Answer to Question 1

(a)

Answer to Question 2

(c)


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