Net public debt is
A) the excess of annual tax revenues over annual government spending.
B) the sum owed by the public to keep the Social Security system afloat.
C) the portion of government debt held by private individuals and firms.
D) the excess of annual government spending over annual tax revenues.
C
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
Assume that the union wage already exceeds the market-clearing wage. If the union wage is increased, holding other factors constant, then the number unemployed ________ and the number employed ________.
A. increases; decreases B. increases; does not change C. decreases; increases D. increases; increases
The goal of managers is to manage resources in such a way
A) to make them worth as much as they would be in their next best use. B) to make them worth more than they would be in any other use. C) to cover the cost of capital. D) to cover all opportunity costs.
Which of the following was asserted by Gary Becker regarding employment discrimination?
a. Businesses will tend to avoid discriminatory employment practices because of competitive markets. b. Bigoted business owners will continue discriminatory employment practices despite productivity losses. c. Market forces and federal laws will be unable to overcome the bigoted nature of most employers. d. Market forces and productivity gains guarantee the end of discriminatory employment practices.