The supporters of a monetary growth rule believe that active monetary policy
A) stabilizes the economy, decreasing the number of recessions and their severity.
B) destabilizes the economy, increasing the number of recessions and their severity.
C) cannot change real GDP.
D) cannot change the inflation rate.
B
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A rise in the price level produces ________ the potential GDP line
A) a movement downward along B) a leftward shift of C) a rightward shift of D) a movement upward along E) neither a shift of the potential GDP line nor a movement along
A car dealership union negotiates a contract that dramatically increases all salesmen's salaries. If one of the salesman is thinking of changing careers to be a hardware salesman, his opportunity cost
a. would not be affected b. of becoming a hardware salesman would decrease c. of becoming a hardware salesman would increase d. none of the above
Who bears the majority of a tax burden depends on whether the tax is placed on the buyers or the sellers
a. True b. False Indicate whether the statement is true or false
Which of the following is related to the additional revenues business owners expect to enjoy as a result of hiring the employee?
A. the signing bonus for Saul Goodman, a new attorney at the Hamlin, Hamlin, and McGill law firm B. the wages for Wendy Peffercorn, a cashier at the Piggly Wiggly C. the salary of Dallas Mavericks' player Dirk Nowitski D. All of the above are correct.