One of the most important factors in determining the natural rate of unemployment is demographic change, such as a change in the age of the labor force
a. True
b. False
Indicate whether the statement is true or false
True
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Increase in business taxes will ________ the expenditure curve:
A) decrease. B) increase. C) not change. D) none of the above.
Reducing inflation is a more important objective than economic growth" is an example of
a) Normative economics b) Positive economics c) Objective economics d) Reality economics
Opponents of indexing fear that it will lead to a(n)
A. acceleration of inflation. B. abrupt reduction of the money supply. C. shortfall of tax revenues, and increased budget deficits. D. unfair wealth transfer to debtors.
Physical capital is distinguished from human capital because
A. human capital refers only to day laborers. B. physical capital refers to trained people. C. physical capital refers to equipment and machinery, whereas human capital refers to trained people. D. physical capital refers to trained people, whereas human capital refers to equipment and machinery.