If the labor demand curve shifts to the right due to a government policy during a recession, and if wages are flexible, ________
A) real wages will increase B) real wages will decrease
C) prices will fall D) unemployment will increase
A
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What determines the interest rate in a small open economy?
What will be an ideal response?
According to supply-side economists, the incentive to save during the Clinton Administration fell due to a combination of
a. an increase in net export and a budget surplus. b. an increase in the tax rates on upper-income Americans and more government regulation. c. higher inflation and higher tax rates on lower-income Americans. d. None of the above
Under which of the following market structures would consumers likely pay the highest price for a product?
a. perfect competition b. monopolistic competition c. oligopoly d. monopoly
Which of the following statements is false?
A) The Treasury bond information published under the column heading "Yield" is based on the ask price of the bond. B) The Treasury bond information published under the column heading "Yield" is based on the assumption that the bond is held to maturity. C) The Treasury bond information published under the column heading "Bid" indicates the price a buyer will pay if he buys the bond. D) The Treasury bond information published under the column heading "Bid" is the price a buyer will receive if she sells the bond.