If the government repeals an investment tax credit and increases income taxes,
a. real GDP rises, and the price level could rise, fall, or stay the same.
b. real GDP falls, and the price level could rise, fall, or stay the same.
c. real GDP and the price level rise.
d. real GDP and the price level fall.
d
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Which of the following statements is correct?
A. Structural unemployment is unemployment resulting from changes in the structure of consumer demand or technology. B. Search unemployment is the broadest unemployment category because it covers all other types of unemployment. C. Frictional unemployment is the result of friction between labor and management over how best to perform work. D. Cyclical unemployment is also called wait unemployment because this unemployment depends on the timing of the business cycle.
The above table gives data for the nation of Sueland. What is the private sector balance?
A) $11 billion B) -$11 billion C) -$43 billion D) $43 billion
In the above figure, what would be the profit or loss at the profit-maximizing output for this natural monopolist?
A) -$300 B) $2,700 C) $2,100 D) -$1,200
Economic freedom:
a. is the right to own property. b. means not having to pay taxes. c. is absent in rich countries. d. affects only poor people. e. is the ability to engage in voluntary trade.