Which of the following is an example of supply-side economics?
a. increasing expenditures on public works projects
b. lowering the reserve requirement
c. enacting socioeconomic regulations
d. reducing marginal income tax rates
d. reducing marginal income tax rates
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The natural unemployment rate is equivalent to all of the following EXCEPT the unemployment rate when:
A. the unemployment rate is zero. B. there is no output gap. C. cyclical unemployment is zero. D. there is only frictional and structural unemployment.
Andrew is not working, but is available and willing to work after finishing a month-long mission trip for his church. While on his mission, Andrew did not look for work. Andrew is considered
A) unemployed. B) part of the labor force. C) a marginally attached worker. D) a discouraged worker. E) Both answers A and B are correct.
In the figure above, the total benefit from pizza is ________ per day
A) $100,000 B) $50,000 C) $125,000 D) $150,000 E) None of the above answers is correct.
Minimum wages are:
A. not very controversial. B. always needed to guarantee workers an acceptable standard of living. C. a form of government interference in the free market. D. only enforceable at the federal level.