If the economy is initially in short-run equilibrium and then experiences a positive demand shock, real GDP will ________ relative to potential GDP and the real interest rate will ________
A) increase; increase
B) increase; decrease
C) decrease; increase
D) decrease; decrease
A
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In general, which the following is NOT true about the "new" immigrants that arrived after 1880?
a. They experienced pervasive wage and hiring discrimination. b. They originated mostly from south and eastern Europe. c. They took the lowest positions in the social strata. d. All of the above are true about the "new" immigrants.
Certifying a used car through a brand dealership is one way to
A. credibly screen out lemons. B. credibly signal the car is not a lemon. C. unreliably screen out lemons. D. unreliably signal that the car is not a lemon.
A firm that is losing money may consider shutting down. Why would the firm still face losses in the short run?
a. It will still need to pay variable costs. b. It will no longer have income. c. It has already paid for fixed costs. d. It will not still face losses.
Which of the following lists tax revenue sources from greatest to least?
A. individual income taxes, social insurance taxes, corporate income taxes, excise and other taxes B. corporate income taxes, social insurance taxes, individual income taxes, excise and other taxes C. individual income taxes, corporate income taxes, social insurance taxes, excise and other taxes D. social insurance taxes, excise and other taxes, individual income taxes, corporate income taxes