To Analyze Aggregate Productivity,economists Typically Assume ________

question 36

Multiple Choice

To analyze aggregate productivity,economists typically assume ________.

• A)that the hours each person works varies with the wage rate
• B)that all of the capital and labor in the economy are fully utilized
• C)that output can increase only if inputs have become more productive
• D)all of the above
• E)none of the above

---

Definitions:

Bad Debt Expense

An anticipated expense account reflecting the estimated amount of receivables that a company does not expect to collect.

Finance Company

A business that provides loans to individuals and companies, apart from traditional bank lending activities, including consumer credit, leasing, and investment financing.

Statement Of Cash Flows

A financial statement that summarizes information about the cash inflows (receipts) and cash outflows (payments) for a specific period of time.

Promissory Note

A financial instrument in which one party promises in writing to pay a determinate sum of money to the other, either at a fixed or determinable future time or on demand.