Based on the figure below. Starting from long-run equilibrium at point C, a decrease in government spending that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at__ creating _____gap.
A. B; no output
B. D; an expansionary
C. B; recessionary
D. D; a recessionary
Answer: D
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A) first come, first served B) lottery C) contest D) command system
If discrimination ceased altogether, minority workers would still be handicapped by past labor market discrimination
Indicate whether the statement is true or false
To say that people make marginal decisions means that
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Do economists believe that labor unions are good or bad for the U.S. economy?