If the number of available workers of a particular type increases, which of the following shifts should occur in the labor market for the particular type of labor?
A. Supply of labor should shift to the left.
B. Supply of labor should shift to the right.
C. Demand for labor should shift to the left.
D. Demand for labor should shift to the right.
Answer: B
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If total private-sector employment increased from 15,000 in March to 15,750 in April, then we know for sure that
A) the private sector created 750 jobs during that time frame. B) the unemployment rate deceased during that time frame. C) the change in private-sector employment was 750 during that time frame. D) All of the above answers are correct interpretations of the information.
Figure 11-1
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In Figure 11-1, a cost-reducing technological breakthrough in calculator production would cause which movement?
A. A to D B. A to C C. A to B D. A to E
Bonds are preferred to stock by individual investors who
a. need to have immediate access to their money b. don't think the business is profitable c. prefer a guaranteed lower return to a risky higher return d. prefer a risky higher return to a guaranteed lower return e. prefer dividends to interest payments
Which of the following was not a lesson from the 2007-2009 financial crisis?
a. Financial regulations were too "light" prior to the crisis. b. Excessive complexity made the financial system more fragile and dangerous. c. Both monetary policy and fiscal policy are needed in order for the economy to recover. d. Regulatory failures were based primarily on poor job performance.