An increase in both the equilibrium price and the equilibrium quantity of DVD players is best explained by a(n):
A. increase in the demand for DVD players.
B. decrease in the supply of DVD player.
C. decrease in the demand for DVD players.
D. increase in the supply of DVD players.
Answer: A
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__________ contributions to a defined __________ pension plan are tax-deferred until retirement
A) Employer; benefit B) Employer; contribution C) Employee; benefit D) Employee; contribution
Refer to Figure 8.3. Holding other variables constant, a decrease in income taxes accompanied by an increase in the skill level of workers will result in a
A) shift from curve D1 to curve D2 and a shift from curve S1 to curve S2. B) shift from curve D2 to curve D1 and a shift from curve S1 to curve S2. C) shift from curve D1 to curve D2 and a shift from curve S2 to curve S1. D) shift from curve D2 to curve D1 and a shift from curve S2 to curve S1.
Which of the following events would shift the labor supply curve?
a. changes in the number of women willing to work b. immigration of workers c. changing attitudes towards work d. All of the above are correct.
Which of the following will most likely cause a change in the natural rate of unemployment?
A) changes in monetary policy B) changes in fiscal policy C) changes in expected inflation D) all of the above E) none of the above