After a couple of months searching for a job, Sofia is hired. Which of the following increases?

a. the labor force and the labor force participation rate
b. the labor force participation rate but not the labor force
c. the labor force participation rate but not the labor force
d. neither the labor force nor the labor force participation rate


d

Economics

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Suppose a survey is taken concerning car safety. According to the survey, people strongly desire safer cars and indicate they are willing to pay substantially more for safer cars

Using this information, one auto firm adds numerous safety features to its car, raising the price by several thousand dollars. Sales drop sharply, and the firm loses profits. What went wrong?

Economics

Abstraction can lead to gross distortions of pertinent facts

a. True b. False Indicate whether the statement is true or false

Economics

On a supply-and-demand diagram, consider a price for which the horizontal distance to the supply curve is shorter than the horizontal distance to the demand curve. There is a __________ at that price and the current price must be __________ the equilibrium price

A) shortage; above B) shortage; below C) surplus; above D) surplus; below

Economics

When the Fed adopts an expansionary monetary policy, _____

Fill in the blank(s) with the appropriate word(s).

Economics