An aggregate production function shows the relationship between
A) real GDP and leisure.
B) real GDP and the quantity of labor employed.
C) leisure and unemployment.
D) real GDP and unemployment.
B
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Use the following graph to answer the next question.
In the diagram, Qf is the full-employment output. A contractionary fiscal policy would be most appropriate if the economy's present aggregate demand curve were at
A. AD0. B. AD1. C. AD2. D. AD3.
Explain the concept of adverse selection. Give an example
What will be an ideal response?
In 2011, the Census Bureau introduced an alternate poverty measure that is based on:
A. the price of food, and adjusts for geographic differences in the cost of living. B. the prices of food, clothing, shelter, and utilities, and adjusts for geographic differences in the cost of living. C. the price of housing, and adjusts for geographic differences in the cost of living. D. the average income of the lowest quartile of income earners.
Suppose that a five-year Treasury bond pays 2.5 percent and a five-year corporate bond pays 8.5 percent, then what is the interest rate spread on this particular corporate bond?
A. 5 percent B. 6 percent C. 7.5 percent D. 9.0 percent