Counting involuntary part-time workers as unemployed would
A) raise the full employment rate.
B) not change the actual unemployment rate.
C) raise the natural unemployment rate.
D) raise the measured unemployment rate.
E) lower the measured unemployment rate.
D) raise the measured unemployment rate.
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How do the hierarchical and dual mandates differ in terms of macroeconomic consequences?
What will be an ideal response?
Both Keynesians and supply-siders believe that tax cuts
a. will increase income by increasing aggregate supply. b. will increase income by increasing aggregate demand. c. will increase income but for different reasons. d. will increase income in the Keynesian model but decrease income in the Supply-side model.
The market demand curve for a particular good
a. may be horizontal even if the individual consumers' demand curves are downward sloping b. will always shift to the right as the price of the good decreases c. is even more likely to be downward sloping than an individual consumer's demand curve d. will always shift to the right if consumers' incomes increase e. must be flatter than the flattest of the individual consumer demand curves
An economic variable that moves in the opposite direction as aggregate economic activity (down in expansions, up in contractions) is called
A. procyclical. B. countercyclical. C. acyclical. D. a leading variable.