The labor supply curve of an inclusive union is perfectly ______.
Fill in the blank(s) with the appropriate word(s).
elastic
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Specifically targeted tax credits are simple and can save administrative costs
Indicate whether the statement is true or false
To decrease the money supply, the Fed could
a. sell government bonds. b. increase the discount rate. c. increase the reserve requirement. d. All of the above are correct.
For the monopolistically competitive firm,
A) Price (P) = Marginal Revenue (MR) = Average Revenue (AR). B) P = MR > AR. C) P = AR > MR. D) P > MR = AR.
Which of the following increases the real interest rate?
A. a decrease in both the nominal interest rate and the inflation rate by the same percentage points B. a decrease in the nominal interest rate, holding the inflation rate constant C. an increase in both the nominal interest rate and the inflation rate by the same percentage points D. a decrease in the inflation rate, holding the nominal interest rate constant