If an increase in the minimum wage increases workers' incomes by $75 and reduces employers' incomes by $100, while workers' spend all of their income increase but employers reduce their spending by only seventy-five percent of their income reduction, aggregate spending
A. falls by $25.
B. falls by $5.
C. falls by $80.
D. remains unchanged.
Answer: D
Economics
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The Board of Governors is made up of experts in:
A. banking. B. international trade. C. fiscal policy. D. All of these are true.
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If a change in real GDP causes the price level to change, there will be a movement along the aggregate supply curve
a. True b. False
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Life expectancy at birth is one of the measures used by the Human Development Index (HDI) to measure the quality of human life in different nations.
a. true b. false
Economics