When demand for goods and services is high, firms are more likely to hire more workers.
Answer the following statement true (T) or false (F)
True
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When the government cuts the income tax rate, the real wage rate paid by employers ________ and the real wage rate received by workers ________ and potential GDP ________
A) increases; increases; increases B) decreases; decreases; increases C) increases; decreases; increases D) decreases; increases; decreases E) decreases; increases; increases
When your budget line is just tangent to your indifference curve, you are at your best affordable point
Indicate whether the statement is true or false
Everything else constant, a stronger dollar will mean that
A) vacationing in England becomes more expensive. B) vacationing in England becomes less expensive. C) French cheese becomes more expensive. D) Japanese cars become more expensive.
______________ is the time that an individual cannot control totally by himself or herself
a. Discretionary time b. Real time c. Psychic time d. Nondiscretionary time