The characteristics of jobs and workers affect
a. labor supply.
b. labor demand.
c. equilibrium wages.
d. All of the above are correct.
d
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In the early 1800s, many state legislatures began to pass general incorporation laws, which
A) made it harder for firms to organize as corporations. B) allowed sole proprietorships and partnerships to issue stock. C) allowed firms to more easily be organized as corporations. D) granted sole proprietorships and partnerships limited personal liability.
The demand for spring break vacations is _________________ than is the demand for textbooks because ________________.
A. less price elastic; vacations have more available substitutes. B. more price elastic; vacations have less available substitutes. C. less price elastic; vacations are more of a luxury. D. more price elastic; vacations are more of a luxury.
With dollarization adopted by a country, the "seigniorage profit" from issuing currency in the country goes to a foreign government.
Answer the following statement true (T) or false (F)
If proceeds from loans are NOT deposited back in the banking system, then
A. the Fed intervenes by selling more Federal government bonds. B. the magnitude of the multiplier process is reduced. C. the magnitude of the multiplier process is increased. D. there is no effect on the magnitude of the multiplier process.