Using the bathtub analogy to understand what determines the number of unemployed workers, the stock variable is
A) the number of workers finding jobs.
B) the number of workers separating from their jobs.
C) the number of unemployed workers.
D) the number of jobs created or destroyed.
C
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The figure above shows the market for steel, the production of which creates pollution
a. What point represents the equilibrium price and what point represents the equilibrium quantity in an unregulated, competitive market? b. What area represents the deadweight loss of the unregulated, competitive market outcome? c. What point represents the efficient quantity? d. If the output level in part (c) was achieved through the use of a government imposed tax, what price would consumers pay? What price would the producers receive? What distance represents the amount of the tax? e. If government successfully uses marketable permits to eliminate the external cost, what point represents how much output would be produced?
________ usually increase(s) when the U.S. economy is in a recession and decrease(s) when the U.S. economy is expanding
A) Net Exports B) Consumer spending C) Unplanned investment D) Planned investment
One suggested method of reducing excessive risk-taking by SIFIs is to require them to hold ________ capital when credit is expanding rapidly and ________ capital when credit is contracting
A) less; more B) more; no C) more; less D) less; no
The main reason that the United States has such a high standard of living is
A) low unemployment. B) high average labor productivity. C) low inflation. D) high government budget deficits.