Which of the following will cause an increase in economic growth?
A) a reduction in the unemployment rate B) a reduction in labor force participation
C) an increase in human capital D) a reduction in the stock of physical capital
C
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Refer to the scenario above. Which of the following is likely to happen if Mike confesses while Rita does not confess?
A) Both of them will be let free. B) Mike will be let free while Rita will be suspended. C) 10 points will be deducted from their respective scores. D) 10 points will be deducted from Rita's score while Mike will be suspended.
The expenditure multiplier is greatest when the
A) LM curve is positively sloped. B) LM curve is horizontal. C) IS curve is vertical. D) LM curve is vertical.
A zero marginal tax rate in welfare programs will make everyone eligible for welfare benefits.
Answer the following statement true (T) or false (F)
Which of the following statements is TRUE?
A. The long-run aggregate supply curve is vertical. B. The long-run aggregate demand curve is upward sloping. C. The long-run aggregate supply curve is upward sloping. D. The short-run aggregate supply curve is vertical.