Since 1960, the labor force participation rate in the United States has
A) increased for men and women.
B) decreased for men and women.
C) increased for men and decreased for women.
D) increased for women and decreased for men.
E) increased for women and not changed for men.
D
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If the public switches from using cash for most transactions to using checks instead, then all else equal, the money supply will:
A. not change. B. decrease. C. either increase or decrease. D. increase.
If imports are greater than exports, then the difference between them will be added to other expenditures to calculate GDP.
Answer the following statement true (T) or false (F)
Refer to Table 11.1. If the marginal propensity to import increases to 0.5 (mpi = 0.5), what is the new equilibrium level of output?
A) 568.00 B) 760.00 C) 946.67 D) 1,266.67
Suppose the market for pizza makers is initially in equilibrium, but then the equilibrium wage rate and the equilibrium quantity of labor both increased. What happened in the market for pizza makers?
A) The demand for pizza makers increased. B) The demand for pizza makers decreased. C) The supply for pizza makers increased. D) The supply for pizza makers decreased.