One reason why household incomes differ is that the number of household members who are working differs. For example, among households in the bottom 20 percent based on income, only about one household in seven has a full-time, year-round worker. The median income for households with two earners is 91 percent higher than for households with only one earner
Indicate whether the statement is true or false
true
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Which of the following increases inflation and reduces unemployment in the short run?
a. either an increase in government expenditures by itself or an increase in the money supply growth rate by itself b. an increase in government expenditures, but not an increase in the money supply growth rate c. an increase in the money supply growth rate, but not an increase in government expenditures d. neither an increase in government expenditures nor an increase in the money supply
Unpredictable inflation can cause businesses to:
A. increase production due to expecting future price level changes. B. restrict output and stockpile inventory. C. have a hard time planning future production. D. cease production until they know how to adjust for inflation.
Suppose seller X is willing to sell one good X for $5, a second good X for $10, a third for $16, a fourth for $25, and the market price is $20. What is seller X's producer surplus?
A. $15 B. $20 C. $22 D. $29
Your employer pays for the maintenance on your car. The monetary value of this car maintenance is
A. included in both economic and money income. B. not included in either economic income or money income. C. included in your economic income, but not your money income. D. not included in your economic income, but included in your money income.