If there are many employers in a market and each has limited market power, the demand for labor is likely to be characterized as
A. Monopsonistic.
B. Oligopolistic.
C. Monopolistic.
D. Competitive.
Answer: D
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Individuals base their demand for an asset on
A) the expected return the asset offers compared with the returns offered by other assets. B) the riskiness of the asset's expected return. C) the asset's liquidity. D) the expected return, how risky that expected return is, and the asset's liquidity. E) the aesthetic qualities of the asset.
On the graph above, assuming that G = 0 and NX = 0, saving is above planned investment at point ________
A) A B) B C) G D) H E) none of the above
The long-run Phillips curve is a horizontal line at the natural rate of unemployment
a. True b. False Indicate whether the statement is true or false
The rational expectations hypothesis implies that use of discretionary macro-policy as a stabilization tool will
a. be ineffective, even in the short run. b. be effective in the short run but ineffective in the long run. c. be effective both in the short run and long run. d. make it possible to trade-off a higher rate of inflation for a lower rate of unemployment.