Modern monetarists view any increases or decreases in total output stemming from expansions or contractions in the money supply as
A) permanent.
B) temporary.
C) irrelevant.
D) extremely important.
B
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Which of the following is likely to happen if the government of a country introduces a subsidy on job creation?
A) The labor demand curve shifts to the right. B) The labor supply curve shifts to the right. C) The labor supply curve shifts to the left. D) The labor demand curve shifts to the left.
Total cost is equal to the
A) sum of the total fixed cost and the total variable cost. B) sum of the average fixed cost and the average variable cost. C) difference between the average variable cost and the average fixed cost. D) product of the marginal cost multiplied by the average total cost.
Can an economy expect to attain an unemployment rate of zero? Why or why not?
What will be an ideal response?
In the United States, price-fixing arrangements among firms are
a. legal. b. illegal only if a court decides that the prices fixed are unreasonable. c. illegal only if a court has concrete evidence that the firms explicitly colluded. d. illegal.