A reduction in the amount of unemployment
A) shifts the production possibilities frontier outward.
B) moves the economy's point of production closer to the production possibilities frontier.
C) moves the economy's point of production along the production possibilities frontier.
D) moves the economy's point of production further away from the production possibilities frontier.
B
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To close an inflationary expenditure gap of $20 billion in an economy with a marginal propensity to consume of 0.8, it would be necessary to
A. decrease the aggregate expenditures schedule by $4 billion. B. decrease the aggregate expenditures schedule by $20 billion. C. increase the aggregate expenditures schedule by $4 billion. D. increase the aggregate expenditures schedule by $20 billion.
The most vocal political pressure for tariffs is generally made by
A) consumers lobbying for export tariffs. B) consumers lobbying for import tariffs. C) consumers lobbying for lower import tariffs. D) producers lobbying for export tariffs. E) producers lobbying for import tariffs.
The U.S. labor force participation rate has changed over time, as has the participation rate of various segments of the U.S. population due to social changes. Choose one social change that you expect to happen in the coming decades. Explain how this will affect the labor force participation rate of various demographic groups.
What will be an ideal response?
Identify the 6 main provisions of the Patient Protection and Affordable Care Act (ACA)
What will be an ideal response?