When the economy is in a slump, labor productivity tends to fall because firms have
A) excess capital.
B) excess labor.
C) too little capital.
D) too little labor.
Correct Answer:
Verified
Q240: The optimal level of inventories is the
Q241: The amount of output produced by an
Q242: When output increases by 1%, the unemployment
Q243: A firm is holding excess labor. This
Q244: Refer to the information provided in Figure
Q246: Investment is a very stable component of
Q247: Output per worker hour is known as
A)
Q248: Productivity tends to
A) rise during contractions.
B) rise
Q249: Which of the following statements is true?
A)
Q250: Refer to the information provided in Figure
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