Consider a coal mining company that can mine coal this year or next year. As expected future profits increase, the extraction quantity this year:
A. Increases due to a higher user cost
B. Increases due to a lower user cost
C. Decreases due to a higher user cost
D. Decreases due to a lower user cost
C. Decreases due to a higher user cost
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When the economy is operating at its natural rate of unemployment, the frictional and structural unemployment rates must add up to zero
Indicate whether the statement is true or false
Because of the multiplier effect, a $10 million increase in government expenditure will cause the economy's equilibrium level of real GDP to increase by less than $10 million
a. True b. False Indicate whether the statement is true or false
In general, in a given rich country the ______________ the opportunity cost for a woman of having and raising a child, the _____________ children she will have
A) higher; fewer B) higher; more C) lower; fewer D) lower; more E) a and d
Technically, the ECB has a dual mandate of price stability and support of the European economies; but in practice, it seems to favor ______ over ______.
A) lowering unemployment; controlling inflation B) promoting equality; lowering unemployment C) price stability; economic performance, growth, and employment D) women's rights; lower taxes on small business