One reason unions might support an increase in the minimum wage is because such a policy would cause a leftward shift in the demand curve for union labor
Indicate whether the statement is true or false
FALSE
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Suppose a constant-money-growth-rate rule of 3 percent is being considered. If it is estimated that average annual Real GDP growth is 3.5 percent and it turns out that velocity is rising by 2 percent a year on average, the rule would produce an average annual rate of inflation of __________ percent
A) 1.5 B) 2.5 C) 3.0 D) 5.5 E) 2.0
Jen is offered a job answering the phone in the State U economics department during lunchtime, from noon to 1 p.m., Tuesdays and Thursdays. Her reservation wage for this job is $15 per hour. Now suppose the department chair announces that the $150 per week earnings from the job will be divided equally among Jen and 299 other students in the department. How much economic surplus will Jen enjoy each week if she accepts the job?
A. $0.50 B. -$29.00 C. -$29.50 D. -$14.00
Suppose the figure below shows the demand curve, marginal revenue curve and marginal cost curve for a monopolist. 
The profit-maximizing level of output for this monopolist is ________ units per day.
A. G B. I C. F D. H
For this question, suppose the domestic interest rate is 4% and that the foreign interest rate is 7%. And finally, assume that the domestic currency is expected to depreciate by 3% during the coming year. Given this information, we know that
A) individuals will only hold domestic bonds. B) individuals will only hold foreign bonds. C) individuals will be indifferent about holding domestic or foreign bonds. D) the interest parity condition holds.