Of the options below, during a business cycle expansion, which of these will typically increase?

Figure 3-6Refer to Figure 3-6. The figure above represents the market for canvas tote bags. Assume that the market price is $35. Which of the following statement is true?

Someone who is not working and has not looked for work in the last 6 weeks would be classified as

How do inflation and unemployment typically change during a recession?

In the country of Sealand, we estimate that changing the amount of capital from $15 million to $16 million will increase real GDP from $3.5 million to $4.5 million. How would you expect real GDP to change if capital increase from $16 million to $17 million, if there was not change in technology or the number of hours worked?

If an economy starts doing a better job of enforcing property rights, we expect that this would______________

GDP is an inaccurate measure of well-being for a society because __________.

If we add more of one input to a fixed quantity of another input, but we are getting smaller and smaller proportional increases in output, we are experiencing

Slowjamistan has a more generous unemployment insurance program than Sealand.  This will__________

If the country of Sealand outlaws working more than 5 hours per week, GDP would likely ________ and leisure would likely________.