Refer to the information provided in Figure 3.16 below to answer the question(s) that follow.
Figure 3.16Refer to Figure 3.16. When the economy moves from Point E to Point B, there has been
A. a decrease in supply and an increase in quantity demanded.
B. a decrease in supply and an increase in demand.
C. an increase in supply and an increase in quantity demanded.
D. an increase in both supply and demand.
Answer: C
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Which of the following is likely to lead to a right shift in the supply curve for labor in an industry?
A) The introduction of labor-saving technology B) A decrease in the opportunity cost of leisure C) An increase in the number of immigrants from foreign countries D) The introduction of labor-complementary technology
In the above figure, the initial supply of loanable funds curve is SLF0 and the demand for loanable funds investment curve is DLF0. An increase in the real interest rate to 7 percent could be caused by
A) an increase in investment demand. B) a decrease in the expected profit. C) an increase in people's disposable incomes. D) an expansion that increased both saving and investment by the same amount.
Most economists have argued that the persistence of high unemployment despite New Deal policies:
a. constitutes a complete repudiation of New Deal policies. b. was the result of "sticky" wages. c. was in part the result of pressures from government to maintain wages. d. Both b and c are correct.
In a recession, typically
A) the labour force participation rate increases. B) the employment-to-population ratio decreases. C) the employment-to-population ratio increases. D) unemployment decreases. E) none of the above.