Author Question: By the late 1990s, the growth rate of total factor productivity in the United States _____. a. ... (Read 106 times)

azncindy619 · **on:** Jun 30, 2018

By the late 1990s, the growth rate of total factor productivity in the United States _____.
a. averaged about 1
b. averaged between 3 and 4
c. averaged between 6 and 8
d. averaged between 10 and 15
e. averaged above 20

Question 2

For a given decrease in demand, the effect on price is largest and the effect on quantity exchanged smallest when:
a. supply is perfectly elastic.
b. supply is elastic.
c. supply is unit elastic.
d. supply is perfectly inelastic.