Which of the following factors will not determine output and employment in the classical model?
a. Taxes that affect the incentive to work or hire labor
b. The level of government spending
c. The quantity of capital
d. Preferences for leisure
e. None of the above
B
You might also like to view...
Immigration into the U.S. over the past century has caused the percentage of immigrants in the U.S. population to
A) fall steadily until the 1970s and increase thereafter. B) remain relatively constant over the time period. C) fall steadily over the entire century. D) rise steadily over the entire century. E) rise steadily until the 1970s and fall thereafter.
Which statement about the total variable cost curve is true?
a. It begins at the origin and increases before decreasing again. b. The total variable cost curve is the same at all levels of output. c. The total variable cost curve is increasing but at a decreasing rate. d. It begins at the origin and is always increasing. e. There is no such thing as a total variable cost curve.
A closed economy is one that
a. uses tariffs. b. uses quotas to restrict trade. c. uses exchange controls. d. does not trade with other nations.
A typical Head Start teacher must have completed
A. a bachelor's degree. B. only 8th grade. C. only high school. D. high school and a two-year certification degree called a CDA.