The above figure shows a labor market with minimum wage equal to $16. In this figure, what area equals the resources lost because of job search?
A) area A
B) area B
C) area C
D) area D
E) area E
B
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Newly-issued high-yield bonds rated below investment grade by the bond-rating agencies are frequently referred to as
A) municipal bonds. B) Yankee bonds. C) "fallen angels." D) junk bonds.
A real variable is one that is
a. not adjusted for the dollar's changing value b. measured in current dollars c. adjusted for the dollar's changing value d. not measured in terms of goods and services e. not adjusted for changes in the price level
The change in consumption resulting from a change in real income
a. demand curve b. income effect c. elastic d. inferior good
Command-and-control policies are desirable because their tough pollution reduction targets force firms to develop new technologies to survive.
Answer the following statement true (T) or false (F)