Economists John Cogan, Glenn Hubbard, and Daniel Kessler have estimated that ________ the tax preference for employer-provided health insurance would reduce spending by people enrolled in these programs by 33 percent
A) enacting
B) doubling
C) cutting in half
D) repealing
Answer: D
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Refer to Table 4-4. Suppose that the quantity of labor demanded increases by 40,000 at each wage level. What are the new free market equilibrium hourly wage and the new equilibrium quantity of labor?
A) W = $8.00; Q = 390,000 B) W = $9.50; Q = 380,000 C) W = $10.00; Q = 390,000 D) W = $8.50; Q = 380,000
One consequence of an increase in government spending is that
a. autonomous consumption will increase b. autonomous consumption and investment spending will decrease c. the increase in GDP will equal the size of the amount of spending d. autonomous consumption and investment spending will increase e. investment spending will increase
The quantity equation is M x V = P x Y
a. True b. False Indicate whether the statement is true or false
An increase in long-run aggregate supply can be expected to _________ the price level and _________ the natural rate of unemployment.
Fill in the blank(s) with the appropriate word(s).