An increase in unemployment insurance and other transfer payments may
A. increase the number of discouraged workers.
B. reduce the rate of inflation at every level of unemployment.
C. lead to less unanticipated inflation.
D. increase the natural rate of unemployment.
Answer: D
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Common property resources include:
A. movies. B. fast food. C. oceans. D. professional baseball games.
Average revenue is slightly higher than price
a. True b. False Indicate whether the statement is true or false
David has just ordered a smartphone only to be told that she will have to wait one month for it to be delivered. Which of the following statements is TRUE?
A) The smartphone is not a scarce good. B) The smartphone is an economic good. C) The smartphone is human capital. D) The smartphone is an intangible good.
To help pull an economy out of a recession and put additional income in the hands of the public, a government can force its expenditures to ________ its revenues and create a ________
A) reduce; deficit B) exceed; special taxes C) stimulate; depression D) exceed; deficit