With respect to Figure 3.1, the classicists argued that
a. the relevant aggregate supply curve is labeled B.
b. the curves labeled B and G are both relevant during recessions.
c. only the supply curve labeled M is important.
d. None of the above
A
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The total U.S. labor force participation rate increased over the past 50 years because
A) the female labor force participation rate increased. B) more men are retiring early. C) fewer women are attending college. D) many blue-collar jobs with rigid work hours have been created in the last decade. E) the male labor force participation rate increased.
The figure above shows Tanya's consumption possibilities when the price of a restaurant meal is $20. If the price of a restaurant meal falls to $10 and Tanya buys 12 movie tickets, how many restaurant meals can she buy?
A) 2 B) 3 C) 4 D) 5
Public choice analysis
a. assumes individuals in the public sector seek to serve the public interest rather than their own personal interests. b. is the study of the decision making of individual actors (such as voters, politicians, and bureaucrats) in the public sector. c. suggests that individual voters have a greater incentive to become informed when making choices among political candidates than when making choices about the products they consume. d. finds that the individuals managing government agencies generally have a much stronger incentive to be efficient than do individuals managing private businesses.
Expansionary monetary policy will only temporarily depress interest rates in a basic proposition of the __________ school.
Fill in the blank(s) with the appropriate word(s).