An increase in labor supply would cause the IS curve to
A) shift up and to the right.
B) shift down and to the left.
C) remain unchanged.
D) shift up and to the right only if people face borrowing constraints.
C
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Fixing the insolvency problem caused by the Great Recession meant:
a. Rapidly increasing the U.S. money supply. b. Relieving financial institutions of toxic assets and injecting new equity into them. c.Changing banking rules so there was more financial competition. d. Opening long-term financing sources, which would allow banks, companies, and the government to fund long-term needs, such as new branches, plants, and infrastructure (e.g., bridges and dams) needs.
Based on this graph, national debt was the lowest percentage of GDP ______.
a. prior to the 1920s
b. during the 1950s
c. after World War II
d. in the 1990s
Which of the following statements is true?
A) As output increases, average fixed cost becomes smaller and smaller. B) Average fixed cost does not change as output increases. C) The marginal cost curve intersects the average fixed cost curve at its minimum point. D) When marginal cost is greater than average fixed cost, average fixed cost increases.
A situation in which a single individual can provide a public good is known as
A) a monopoly. B) the volunteer's dilemma. C) eminent domain. D) diffusion of responsibility.