If the numbers of employed and unemployed do not change but the size of the civilian population increases by 10%, what would be the effect?
a. an increase in the unemployment rate and an increase in the labor force participation rate
b. an increase in the unemployment rate and no change in the labor force participation rate
c. an increase in the unemployment rate and a decrease in the labor force participation rate
d. no change in the unemployment rate and a decrease in the labor force participation rate
d
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A decline in expected future output 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.
Higher government deficits ________ the supply of bonds and shift the supply curve to the ________, everything else held constant
A) increase; left B) increase; right C) decrease; left D) decrease; right
Marginal utility tends to fall as a person increases his or her consumption
a. True b. False Indicate whether the statement is true or false
The largest expenditure component of U.S. GDP is:
A. consumption. B. investment. C. exports. D. government purchases.