The unemployment rate is an important economic statistic that can tell us about the health of the economy. If the unemployment rate turns out to be high or higher than anticipated, we would expect
A) that jobs are less difficult to find.
B) it is more likely that an incumbent president will be re-elected.
C) that investors will be more optimistic about the economy.
D) that stock prices are more likely to fall.
D
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According to information in the textbook, in the early West, many of the open lands were overgrazed. This was largely because
A. landowners charged ranchers a fee to graze their cattle. B. the lands were unowned. C. a government policy in effect at the time subsidized cattle production. D. none of the above
Which of the following would shift the entire supply curve for electricity to the left?
a. a decrease in the price per unit of electricity b. a decrease in the price of coal used to generate electricity c. new EPA regulations that force the closing of the worst polluting coal-burning power plants d. a decrease in the price of alternative forms of energy e. a technological improvement that reduces the cost of producing electricity
In the classical model the interest rate is determined in the money market; in the short-run macro model the interest rate is determined in the market for loanable funds
a. True b. False
The deadweight loss caused by a monopoly is the area:
a. between the demand curve and the marginal cost curve and between the profit-maximizing quantity and the efficiency quantity. b. between the demand curve and the marginal revenue curve and between the profit-maximizing quantity and the efficiency quantity. c. under the marginal revenue curve and between the profit-maximizing quantity and the efficiency quantity. d. under the marginal cost curve and the marginal revenue curve and between the profit-maximizing quantity and the efficiency quantity.