An increase in the working-age population results in a
A) rightward shift of demand for labor curve and an increase in potential GDP.
B) rightward shift of the demand for labor curve and no change in potential GDP.
C) rightward shift of the supply of labor curve and an increase in potential GDP.
D) leftward shift of the supply of labor curve and a decrease in potential GDP.
C
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Dividends are
A) payments by a corporation to its shareholders. B) financial securities which represent ownership in a corporation. C) the interest rate paid on shares of stock. D) the yearly payments associated with bonds.
All of the following are traditional economic views except:
A. there is no such thing as a bad choice. B. choice architecture is ineffective. C. revealed preference shows researchers what the bad choices are. D. choice architects have a responsibility to remain neutral when it comes to choices.
The derived demand for labor is determined by
A. labor’s wage. B. labor’s marginal revenue. C. the marginal cost of the input labor. D. labor’s marginal revenue product.
If the MPC is 4/5, the multiplier is 5/4
a. True b. False Indicate whether the statement is true or false