Ceteris paribus, which of the following would cause a decrease in the demand for HD TVs?
a. decline in the price of HD TVs. b. increase in the price of HD TVs.
c. increase in consumers' income. d. decrease in consumers' income.
d
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A model that is composed of many equations that show the channels through which monetary and fiscal policy affect aggregate output and spending is called a
A) reduced-form model. B) median-voter model. C) informed median-voter model. D) structural model.
On average, college graduates earn significantly more income than those with less education and the disparity tends to widen into middle age
a. True b. False
A market in which firms can enter if they choose and exit without losing money invested is
A. pure monopoly. B. duopoly. C. contestable. D. a market where there are kinked demand curves.
Which one of the following statements concerning employee discrimination is not true?
A. Workers accept the utility-maximizing job offer even when there is employee discrimination. B. Employee discrimination does not affect the profitability of firms as long as firms can employ segregated work forces. C. Employers have no reason to employ a segregated workforce if there is employee discrimination. D. Discriminating employees act as if their wage is less than it actually is if they are employed by a firm that has an integrated workforce. E. Employee discrimination will not produce a wage differential between equally skilled black and white workers.