Technological change leads to unemployment
a. True
b. False
Indicate whether the statement is true or false
False
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An increase in the money supply will appreciate a country's currency
Indicate whether the statement is true or false
According to the classical model, real wages should
A) remain constant. B) fall during recessions. C) rise during recessions. D) stay the same during recessions but rise during expansions.
The benefit of a price floor to ________ is ________.
A. consumers; the floor creates excess supply B. producers; the selling price of the product is above the equilibrium price C. consumers; the selling price of the product is below the equilibrium price D. producers; the floor creates excess demand
Refer to the table. If your taxable income is $8,000, your average tax rate is:
A. 25 percent and the marginal rate on additional income is also 25 percent.
B. 25 percent and the marginal rate on additional income is 40 percent.
C. 25 percent and the marginal rate on additional income cannot be determined from the
information given.
D. 20 percent and the marginal rate on additional income is 30 percent.