The number of U.S. workers in unions today is:
A. about 21 %of all wage and salary workers.
B. just under 15 million Americans.
C. higher than it was in the 1950s.
D. All of these are true.
Answer: B
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If the economy is in equilibrium at less than full employment, Keynesian economists would recommend that the government
a. do nothing b. pursue fiscal policy to stimulate aggregate demand c. pursue fiscal policy to stimulate aggregate supply d. balance the budget e. cut government spending to eliminate deficit spending
Refer to the information provided in Figure 3.13 below to answer the question(s) that follow.
Figure 3.13Refer to Figure 3.13. An increase in the number of cattle ranchers will cause a movement from
A. Point B to Point A. B. D2 to D1. C. S2 to S1. D. Point G to Point F.
Refer to the data. The price elasticity of demand is relatively inelastic:
Answer the question on the basis of the following demand schedule:
A. in the $6-$4 price range.
B. over the entire $6-$1 price range.
C. in the $3-$1 price range.
D. in the $6-$5 price range only.
Macroeconomics is the study of:
What will be an ideal response?