The effects of the national health care program on labor markets will
A) lower the effective wage rate that they must pay for each unit of labor.
B) decrease the marginal revenue product of labor.
C) increase the marginal revenue product of labor.
D) move upward along their downward-sloping marginal-product-of-labor curve.
Answer: D
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When there is a recessionary gap, inflation will ________, in response to which the Federal Reserve will ________ real interest rates, and output will ________.
A. decline; lower; decline B. increase; raise; decline C. decline; lower; expand D. decline; raise; decline
A firm's trademark is protected from misuse if it is registered with the
A) U.S.D.A. B) U.S. Patent and Trademark Office. C) U.S. Supreme Court. D) F.C.C.
If one Mexican peso was worth 0.05 U.S. dollar, then one U.S. dollar would be worth:
a. 20 Mexican pesos. b. 0.05 Mexican pesos. c. 0.05 U.S. dollars. d. 20 U.S. dollars. e. 1 Mexican peso.
Refer to the above diagram, in which Qf is the full-employment output. If the economy's current aggregate demand curve is AD3, it would be appropriate for the government to:
A. reduce government expenditures or increase taxes. B. reduce government expenditures and taxes by equal-size amounts. C. increase government expenditures or reduce taxes. D. reduce unemployment compensation benefits.