Firms that are required to participate in affirmative action programs do end up hiring more minority employees
a. True
b. False
A
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Because of diminishing marginal utility, total utility always decreases when additional amounts of a commodity are consumed.
Answer the following statement true (T) or false (F)
Suppose you find $1000 in your attic and decide to deposit it all into your local bank, which must hold 10% as required reserves. The deposit expansion multiplier suggests that this $1,000 "injection" of new money will, in reality, most likely
A) increase the money supply by more than $1,000. B) increase the money supply by less than $1,000. C) increase the money supply by exactly $1,000. D) increase the money supply by exactly $10,000.
Last month 5,000 people decided to quit their jobs in order to seek better employment opportunities. These people are
a. structurally unemployed b. frictionally unemployed c. discouraged workers d. cyclically unemployed e. underemployed workers
Supply-side economics calls for:
A. lower taxes on businesses and individuals. B. regulatory reforms to increase enforcement. C. reduction in trade barriers. D. increased government spending on infrastructure.