The civilian labor force consists of all the:
a. people in the economy who are not retired.
b. people in the economy over 16 years of age.
c. adults in the economy between 18 and 65 years old who are able to work.
d. noninstitutionalized adults in the economy who hold jobs or are looking for them.
e. citizens in the economy who are graduates of high school.
d
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What is the payoff for each firm in this simultaneous game?
a. Both firms will earn 0 b. Firm A will earn 50 and firm B will earn -10 c. Firm A will earn -10 and firm B will earn 50 d. Both firms will earn 25
In general we can note that households with lower wealth tend to have a ____ MPC relative to wealthier households.
A. lower B. higher C. similar D. exactly equivalent
Suppose we coupled the pay of Congress with the federal budget, so that for every billion dollars of deficit spending, a lawmaker's pay would be reduced $1,000 . How would this affect fiscal policy?
Discrimination:
A. affects the distribution of domestic output and income, but not its total size. B. is shown as some point outside of an economy's production possibilities curve. C. places the economy at some point inside of its production possibilities curve. D. affects the total size of domestic output and income but not its distribution.