Which of the following would be most likely to reduce the rate of unemployment?
a. a business recession
b. an Internet job listing system that makes it easier to get information about job openings and available employees
c. an increase in unemployment compensation benefits
d. a rise in the minimum wage
B
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The Sierra Club's report (linked to in the Learning Area) highlights the positive effects of NAFTA on communities and the environment.
Answer the following statement(s) true (T) or false (F)
Other things the same, a decrease in the price level makes the dollars people hold worth
a. more, so they can buy more. b. more, so they can buy less. c. less, so they can buy more. d. less, so they can buy less.
If the marginal propensity to consume is equal to 0.70 and income rises by $20 billion in an economy, then consumption spending will increase by _____
Fill in the blank(s) with the appropriate word(s).
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. For this economy to move from Point A to Point B, ________ additional OLED TVs could be produced when the production of LCD TVs is reduced by 30.
A. exactly 20 B. more than 20 C. fewer than 20 D. exactly 90