If the numbers of employed and unemployed do not change but the size of the civilian population increases by 15%, what would be the effect?
a. no change in the unemployment rate and a decrease in the labor force participation rate
b. an increase in the unemployment rate and a decrease in the labor force participation rate
c. an increase in the unemployment rate and no change in the labor force participation rate
d. an increase in the unemployment rate and an increase in the labor force participation rate
a
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While some countries might be better off (in terms of social surplus) from the imposition of a tariff, the world overall is always worse off (in terms of social surplus) when import tariffs are imposed.
Answer the following statement true (T) or false (F)
Under a flexible exchange rate, an increase in the domestic money supply leads to
A) a devaluation of the domestic currency. B) a revaluation of the domestic currency. C) a depreciation of the domestic currency. D) an appreciation of the domestic currency.
Which of the following is not true concerning producer surplus? a. It is qraphically the area under the supply curve and above the market price. b. It exists in equilibrium
c. A leftward shift of the supply curve will decrease producer surplus. d. A rightward shift of the supply curve will increase producer surplus.
When tax code changes reduce investment incentives, the _____ for loanable funds curve shifts to the _____. This results in a(n) _____ in the interest rate and a(n) _____ in investment
Fill in the blank(s) with correct word