If the government finances its spending by selling bonds to the central bank, the monetary base will ________ and the money supply will ________
A) increase; increase
B) increase; decrease
C) decrease; decrease
D) not change; not change
A
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First grade teachers who work in Lynn, Massachusetts's (a large, low income city north of Boston) public schools earn more than first grade teachers who work in private schools in more affluent communities north of Boston. Lynn teachers belong to a teachers' union. Which statement best explains the scenario described above?
a. Lynn school teachers receive a compensating differential because they work in a more difficult environment, and they receive higher than market equilibrium wages because they are members of a teachers' union. b. Lynn school teachers receive a compensating differential because they work in a more difficult environment, but they do not receive higher than market equilibrium wages because they are members of a teachers' union. c. Lynn school teachers do not receive a compensating differential because they work in a more difficult environment, but they do receive higher than market equilibrium wages because they are members of a teachers' union. d. Lynn school teachers do not receive a compensating differential because they work in a more difficult environment, and they do not receive higher than market equilibrium wages because they are members of a teachers' union.
Veruca sells therapeutic bath salts on the Internet. Her annual revenue is $52,000 per year, the explicit costs of her business are $14,000, and the opportunity costs of her business are $17,000 per year. What is her accounting profit?
A) $14,000 B) $21,000 C) $31,000 D) $38,000
If Samantha quits her job voluntarily and actively searches for other work, then she is considered
A. not to be unemployed. B. structurally unemployed. C. frictionally unemployed. D. cyclically unemployed.
Refer to the below graph. What will shift D1 to D2?
Refer to the above graph. What will shift D1 to D2?
A. A decrease in the price of labor
B. A decrease in demand for good X
C. An increase in the price of a complementary input
D. An increase in the price of good X