If two goods are ________, then an increase in the price of one leads to ________ in the quantity demanded of the other
A) complements; a decrease
B) complements; no change
C) substitutes; a decrease
D) substitutes; no change
E) normal; an increase
A
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The aggregate demand curve slopes downward for the same reason that a microeconomic demand curve slopes downward
a. True b. False
What is a policy that could help recipients of government aid avoid the poverty trap?
a. Providing aid regardless of a person’s income b. Requiring recipients to perform community service c. Setting a time limit for how long benefits can be received d. Limiting the amount of benefits a person can receive
Janice has calculated the GDP for 2018 by using the total final goods times the 2018 prices of total goods. If Janice wishes to create a real value GDP value for 2018, what must she do?
A. Janice must adjust the total value 2018 GDP for inflation. B. Janice must divide the total value of consumer goods by the exported goods values. C. Janice must multiply the total value by the projected GDP for 2019.
A payroll tax
A. Causes the net wage to increase. B. Increases the nominal cost of labor. C. Shifts the labor demand curve to the right. D. Shifts the labor supply curve to the right.