All else equal, a decrease in demand will cause an increase in producer surplus
a. True
b. False
Indicate whether the statement is true or false
False
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If Brian, age 24, had no job but was available for work and had looked for a job the week before the survey, Brian is classified in the Current Population Survey as
A) unemployed. B) a discouraged worker. C) not in the labor force. D) employed. E) not in the working-age population.
Deadweight loss is the result of:
a. disequilibrium. b. underproduction. c. overproduction. d. all of these are correct.
Describe the pattern of growth rates in real GDP per hour worked in the United States since the early nineteenth century. Has output per hour worked consistently increased at the same rate? Explain
What will be an ideal response?
Why do people hold money in the classical model?
What will be an ideal response?