Which of the followings does NOT shift the short-run aggregate supply curve?
A) supply shocks.
B) persistent positive output gap.
C) changes in expected inflation.
D) an increase in output gap.
D
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Which of the following statements about the budget deficit is TRUE?
A) It is equal to the public debt. B) It is a stock variable. C) It is a flow variable. D) none of the above
If technological advance is crucial to growth, then countries must increase their spending most rapidly on
a. investment b. education c. research and development d. basic human needs e. all of the above
Being poor in a family with children is sufficient qualification for receiving TANF support
Indicate whether the statement is true or false
If the United Mine Workers successfully negotiates a wage that is higher than the competitive wage,
a. an excess demand for labor is created b. a surplus of labor is created c. the demand for labor increases d. the supply of labor decreases e. the quantity of labor demanded increases