If the government is successful in cutting the economic pie into more equal slices, than it is quite possible that
a. the pie gets larger
b. the pie gets smaller.
c. it increases the reward for working hard, resulting in people producing more goods and services.
d. none of the above.
b
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The cost of a one-unit increase in an activity is called the
A) rational cost. B) opportunity benefit. C) marginal cost. D) marginal benefit. E) margin.
The Fed seeks to promote stability of financial markets because
A) resources are lost when there is not an efficient matching of savers and borrowers. B) they want to lift the self-esteem of workers. C) unstable markets result in increased efficiency. D) Congress directed them to do so by the Employment Act of 1946.
An autonomous decrease in money demand, other things equal, shifts the ________ curve to the ________
A) IS; right B) IS; left C) LM; left D) LM; right
Many companies monitor their employees' Internet use and email. Why might they be doing this?
A) Because they like to spy. B) In order to improve morale. C) To gain inside information on new consumer trends. D) To reduce shirking.