In a change to immigration policy during 2012, "people younger than 30 who came to the United States before the age of 16, pose no criminal or security threat, and were successful students or served in the military can get a two-year deferral from
deportation", Homeland Security Secretary Janet Napolitano said, according to CNN, 06/16/2012. If many of these immigrants had previously been afraid to work, now as a result of being able to work legally A) both the short-run and long-run aggregate supply curves shift rightward.
B) only the long-run aggregate supply curve shifts rightward.
C) only the short-run aggregate supply curve shifts rightward.
D) neither the short-run nor the long-run supply curve shift.
A
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Do Keynesians and classicals agree on the effectiveness and desirability of macroeconomic stabilization? Briefly explain
What will be an ideal response?
How will firms react when they discover that their actual investment is less than their intended investment? How will their reaction affect equilibrium national income?
Which of the following best explains why making air travel completely safe is not efficient?
a. After some level of safety is reached, making airplanes even safer is not worth the opportunity cost that would be incurred. b. Because one can't put a price on human life, airplane safety generally doesn't matter economically. c. The benefit from additional airplane safety will generally rise as airplanes are made safer, more than offsetting the opportunity cost involved. d. The question is misleading--making airplanes safer is always efficient.
The long-run average cost curve defines the minimum average cost of producing alternative levels of output, allowing for optimal selection of:
A. sunk cost factors of production. B. only one factor of production. C. all factors of production. D. fixed factors of production.