Government outlays include all of the following EXCEPT
A) dividend payments.
B) spending on the military.
C) electricity for the Capital Building.
D) letterhead stationery.
Answer: A
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The unemployment rate is usually ________ during a depression
A) below 3% B) above 20% C) between 3% to 5% D) between 5% to 10%
? Newspaper recycling has been highly successful—perhaps too successful, given that many households gather and return their newspapers to recycling centers. The amount of newspapers recycled has dramatically increased, along with the number of recycling plants. Yet newspapers prefer regular newsprint over recycled newsprint, so the demand for recycled newsprint has remained essentially unchanged. The result of this for the recycled newsprint market is
A. a decrease in the supply and a higher price for recycled newsprint. B. an increase in the supply and a lower price for recycled newsprint. C. an increase in the supply and a higher price for recycled newsprint. D. a decrease in the supply and an increase in the demand for recycled newsprint.
Why is a rightward shift of the labor supply curve difficult to rationalize in the classical model?
a. The labor supply curve is based on firms' preferences. b. Labor supply is very difficult to measure. c. The labor supply curve is almost never a known entity. d. Workers' preferences and therefore labor supply tend to change very slowly. e. Workers' preferences and therefore labor supply tend to change very quickly.
Refer to the graph below. Which point in the graph would allow a simultaneous increase in the production of both investment and consumer goods?
A. A
B. B
C. C
D. D