Economic analysis indicates the net long-run effect of outsourcing for the United States is likely to be
A) an increased demand for labor due to economic growth.
B) a decreased in the demand for labor in the United States in the short run.
C) an increase in the supply of labor.
D) a decrease in the supply of labor.
A
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Refer to Figure 1A.1. If the hours worked per week are 30, the income per week is
A) 50. B) 100. C) 150. D) 200.
Under a fixed exchange rate system, an expansionary fiscal policy such as an increase in government expenditures will lead to a(n) ________ in real GDP and a ________ inflation rate
A) increase; higher B) increase; lower C) decrease; higher D) decrease; lower
According to Lucas' misperception theory, countries with higher rates of inflation should have a _____new classical AS curve
a. flatter. b. steeper. c. downward sloping d. vertical. e. none of the above.
The federal funds market is the market where
a. the federal government borrows money from banks to finance the national debt b. the federal government lends money to commercial banks c. banks borrow from and lend to each other for short periods of time d. banks borrow money from the Fed for short periods of time e. banks buy bonds from the Treasury for long periods of time, typically 10-year bonds