Which statement is false?
A. Most jobs in defense plants during World War II were held by white males.
B. The federal government instituted wage and price controls during World War II.
C. Very little new housing was built during the Great Depression and World War II.
D. None of the statements are false.
A. Most jobs in defense plants during World War II were held by white males.
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Mutual interdependence implies that
a. all other firms in a monopolistically competitive industry rely on one firm to take leadership in setting price b. monopolistically competitive firms will "follower the leader" allowing the monopoly firm to determine price c. each firm within an oligopoly is affected by what the other firms in the industry do d. all firms in the industry are independent of each other e. all firms in the industry must agree before any price changes occur
If the Federal Reserve accommodates an adverse supply shock,
a. inflation expectations may rise which shifts the short-run Phillips curve shifts right. b. inflation expectations may rise which shifts the short-run Phillips curve shifts left. c. inflation expectations may fall which shifts the short-run Phillips curve shifts right. d. inflation expectations may fall which shifts the short-run Phillips curve shifts left
When an individual's MRP is not measurable, his or her market wage is usually determined by
A. The individual's comparable worth. B. The selling price of his or her output. C. His or her opportunity wage. D. The individual's MPP.
Economists attempt, with moderate success, to perform controlled experiments making policy analysis helpful.
A. True B. False C. Uncertain