An increase in the size of the working-age population:
A. increases labor supply.
B. decreases labor supply.
C. increases labor demand.
D. decreases labor demand.
Answer: A
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Other things the same, if the Fed increases the quantity of money, the ________ because ________
A) nominal interest rate decreases; the supply of money curve shifts rightward B) nominal interest rate increases; the supply of money curve shifts rightward C) nominal interest rate does not change; only the real interest rate is effected D) nominal interest rate decreases; the supply of money curve shifts leftward E) nominal interest rate increases; the supply of money curve shifts leftward
When an insurance company makes a direct loan to a firm, the loan is known as
A) a private placement. B) a commercial paper. C) an account receivable. D) an account payable.
A consumer's reservation price is the
A) amount she will pay for a hotel or airline reservation. B) minimum amount she will pay for a good or service. C) price that maximizes her surplus. D) maximum amount she will pay for a good or service.
Suppose an economy is initially in equilibrium and there is a sudden increase in oil prices. Which of the following is the most likely result?
a. Growth in real GDP b. Price stability c. Full employment output d. Stagflation e. Deflation