Suppose the government launches a successful advertising campaign that convinces workers with high school degrees to quit their jobs and become full time college students. This would cause
A) the unemployment rate to decrease. B) the number of discouraged workers to increase.
C) no change in the unemployment rate. D) the labor force participation rate to decrease.
D
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Which of the following is not a primary cause of business cycle fluctuations, according to real business cycle theory?
A) A change in the production function B) A change in the size of the labor force C) A change in the money supply D) A change in the real quantity of government purchases
The market basket approach:
A. gives us a list of what the typical consumer buys and the average price change of those goods. B. tells us how the prices of all goods and services in an economy change over time. C. gives us a single number that represents how changing prices affect the typical consumer. D. tells us exactly how people change what they buy from year to year.
We know that negative returns have set in when ______.
Fill in the blank(s) with the appropriate word(s).
A decrease in demand would be represented by
A) the price of a good going up. B) a downward movement along the demand curve. C) an upward movement along the demand curve. D) a shift of the demand curve to the left.