U.S. workers will be attracted to otherwise undesirable work as long as:
A. The compensating wage differential is high enough
B. The compensating wage differential is low enough
C. There are not enough illegal immigrants to fill all of the available jobs
D. There are laws that restrict illegal immigrants from working in the U.S.
A. The compensating wage differential is high enough
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Use the money market to explain the interest-rate effect and its relation to the slope of the aggregate demand curve
Contractionary monetary policy by the Fed could include
A) lowering the discount rate. B) decreasing government transfer payments. C) decreasing reserve requirements. D) selling government securities in the open market.
If the GDP gap is -$3.5 trillion, then
A. workers are employed overtime. B. the economy is experiencing a boom. C. the economy is in a recession. D. cyclical unemployment is negative.
On a graph showing the influence of automatic stabilizers on the economy, government expenditures on transfer payments and real GDP have a(n):
A. direct relationship as shown by an upward-sloping line G. B. direct relationship as shown by a downward-sloping line G. C. inverse relationship as shown by an upward-sloping line G. D. inverse relationship as shown by a downward-sloping line G.