An increase in immigration would
a. have no effect on the labor supply curve and real wages.
b. shift the labor supply curve to the left and increase real wages.
c. shift both the labor demand curve and the labor supply curve to the left.
d. shift the labor supply curve to the right and decrease real wages.
D
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The only way that consumption can be taxed is through a general sales tax
a. True b. False
Price floor
What will be an ideal response?
Keynes believed in all of the following, EXCEPT
A. The ideas of economists and political philosophers are more powerful than is commonly understood. B. The problem with recessions was inadequate aggregate demand. C. Say's Law. D. There was absolutely nothing wrong with deficits during recessions and depressions.
Over time, a country's real GDP per capita typically:
A. shrinks B. grows. C. remains stable. D. increases and decreases randomly.