If there is both a decrease in immigration and an increase in workers' non-wage incomes,
a. the supply of labor will increase
b. the supply of labor will decrease.
c. the supply of labor will remain unchanged.
d. the effect on the supply of labor will be indeterminate.
b
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Based on the figure below. Starting from long-run equilibrium at point C, a tax increase that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies.
A. D; C B. D; B C. A; B D. B; C
A tradable emissions permit:
A. entitles a firm to generate a specified amount of a given pollutant. B. is transferable. C. can be used to promote least-cost abatement. D. All of the responses are correct.
If the expected return on bonds increases, all else equal, the demand for bonds increases, the price of bonds ________, and the interest rate ________
A) increases; decreases B) increases; increases C) decreases; decreases D) decreases; increases
Compared with other bonds, convertible bonds usually have
A) less liquidity. B) a higher price. C) a higher yield. D) low tax payments.