Which of the following has a tendency to raise the unemployment rate?
A) reducing unemployment insurance in an economy
B) offering wages at the market-clearing rate
C) implementing a minimum wage in an economy
D) reducing labor union membership in an economy
C
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Keynes thought that one macroeconomic problem is that an economy: a. can tend toward an equilibrium level of output that is below the potential level
b. will move back to its potential after a business cycle on its own. c. always operates at the potential and business cycles are created by government intervention. d. can be pushed below the equilibrium level of output by fiscal policy. e. can be pushed away from the potential if prices and wages are flexible.
If a firm stops production, then its:
A. total costs may increase or decrease. B. variable costs drop to zero. C. fixed costs rise. D. All of these are true.
The relationship between price and quantity demanded is said to be;
(a) Positive. (b) Negative. (c) Inverse. (d) Negative or inverse.
?For 2.5% significance level, the asymptotic critical value for cointegration test with linear time trend is -3.59.
Answer the following statement true (T) or false (F)