A decrease in consumption and an increase in labor supply would result from
A. a decrease in tax rates.
B. an increase in transfer payments.
C. an increase in government spending.
D. a decrease in transfer payments.
Answer: D
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All of the following will shift the labor supply curve except
A) an increase in labor force participation rate among women. B) a change in a country's immigration policy. C) an increase in the average age of retirement. D) an increase in the wage rate.
The above figure shows three different supply-and-demand graphs. Which graph best represents the market for workers at your nearest fast-food restaurant?
A) Graph A B) Graph B C) Graph C D) None of the above.
When the Federal Reserve sells securities on the open market it drives bond prices ____ and drives interest rates ____.
A. up; up B. down; down C. up; down D. down; up
An example of intangible capital is
A. a flower garden. B. a vacation house. C. a trained apprenticeship program. D. a book.