Which of the following events can not cause the labor-supply curve to shift?
a. a change in people's attitudes toward work
b. an increase in the price of output
c. a change in workers' alternative opportunities
d. an increase in the rate of immigration
b
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The natural rate hypothesis states that when the inflation rate
A) increases, the unemployment rate will decrease permanently. B) changes, the unemployment rate changes temporarily and eventually returns to the natural unemployment rate. C) decreases, the inflation rate will decrease permanently. D) changes, the change is only temporary, and eventually the inflation rate returns to the natural inflation rate. E) increases, the natural unemployment rate increases.
The United States chooses to have ________ and ________ and therefore, cannot have a fixed exchange rate at the same time
A) capital control; an independent monetary policy B) free capital mobility; an independent monetary policy C) free capital mobility; no control of monetary policy D) capital control; no control of monetary policy
What are demand deposits?
(a) Money held by private individuals or corporations placed in depository accounts at banks (b) Liabilities (things that are owed) to banks and assets (things of value) to depositors or bank customers (c) Checking accounts that depositors can use on demand (d) All of the above
Economics indicates that government funding of special interest projects and favoritism of some business firms relative to others will lead to
a. efficient allocation of resources because the government action will correct the failures of the market. b. the funding of productive projects that will improve the well-being of most citizens. c. economic inefficiency because the funding will be driven by political rather than economic considerations. d. a decline in political contributions and a reduction in the quality of the candidates willing to run for political office.