An increasing percentage of women are in the work force. Which variable does this directly affect?
a. The employment-population ratio
b. Productivity
c. Average hours
d. Population
e. Technology
A
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A rise in the price level causes
A) a reduction in total planned real expenditures. B) an increase in aggregate demand. C) an increase in total planned real expenditures. D) a decrease in aggregate demand.
Suppose the shift from AD0 to AD1 and from AS0 to AS1 is the result of fiscal policy. Which of the policies below could lead to these shifts?
i. An increase in government expenditure ii. A tax cut iii. A decrease in government expenditure iv. A tax hike A) iv only B) i and ii C) i and iv D) i only E) iii and iv
The demand for one money is the supply of another money
Indicate whether the statement is true or false
The rules of the game refer to:
a. any factor that facilitates production and exchange, such as tax laws and property rights. b. a gradual but consistent change in the price level until a fair price is attained c. the set of election laws that ensure that all elections are fair. d. the rules that a firm must follow in order to earn a profit. e. the requirement that households must supply labor to firms.