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.
a. Businesses will tend to avoid discriminatory employment practices because of competitive markets.
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If the Fed sells government securities
A) commercial bank reserves will decrease. B) the government's debt will decrease. C) commercial bank reserves will increase. D) there will be no effect on the quantity of money.
If marginal revenue is negative then the revenue lost from receiving a lower price on all the units that could have been sold at the original price is smaller than the additional revenue from selling one more unit of the good
Indicate whether the statement is true or false
When the economy suffers a temporary negative supply shock and the central bank responds by changing the autonomous component of monetary policy to keep inflation at the target inflation rate, then
A) aggregate output drops in the short run. B) output will return to potential output over time. C) aggregate output is stabilized. D) all of the above. E) both A and B.
An autonomous depreciation of the U.S. dollar makes American goods ________ relative to foreign goods and results in a ________ in U.S. net exports, everything else held constant
A) cheaper; decline B) cheaper; rise C) more expensive; decline D) more expensive; rise