Supply-side policies are focused on ______.
a. short-run stabilization
b. both short and long-run stabilization
c. increasing long-run industry regulation
d. decreasing long-run aggregate supply
b. both short and long-run stabilization
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Explain what is meant by the terms "labor force," "unemployment rate," and "labor force participation rate."
What will be an ideal response?
Assuming a nominal interest rate of 6 percent, an unemployment rate of 4 percent, and an inflation rate of 2 percent, the real interest rate is approximately
A) 2 percent. B) 4 percent. C) 6 percent. D) 8 percent.
According to the ____ view, a nation’s wealth consists of the amount of gold or other monies at its command.
A. Keynesian B. free trade C. mercantilist D. monetarist
Refer to the accompanying figure. What is the slope of the supply curve?
A. 4 B. 2 C. 1 D. 1/2