All else equal, if job turnover has people leaving jobs and finding new jobs in the same industry, this will
A) decrease the supply of labor, but not change the demand for labor.
B) increase the demand for labor and the supply of labor.
C) increase the demand for labor and decrease the supply of labor.
D) not change demand or supply in the labor market.
D
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Credit markets are
A) bad, as they cause people to accumulate debt. B) not important for the financial crisis. C) important, but given too little attention in the past by macroeconomists. D) markets that work perfectly.
Most of the volume of business in the United States is carried on by the
a. sole proprietor form of business b. partnership form of business c. corporate form of business d. government e. mutual fund form of business
If you buy a brand new, American-made laptop computer to use for taking notes in your economics class, then it will be classified in GDP accounting as
a. a business inventory b. a consumption expenditure c. an investment expenditure d. a household expenditure e. a service good
Over the period 1890-2014, Japan experienced a 2.59 percent average annual growth rate of real GDP per person
a. True b. False Indicate whether the statement is true or false