If, due to a recession, foreign workers begin to leave the United States to search for temporary work in their home countries until the recession has ended, this will
A) move the home country's economy up along a stationary short-run aggregate supply curve.
B) shift the short-run aggregate supply curve of the home country to the left.
C) shift the short-run aggregate supply curve of the home country to the right.
D) move the home country's economy down along a stationary short-run aggregate supply curve.
C
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All of the following are typically considered procyclical variables except
A) the inflation rate. B) investment expenditures. C) the unemployment rate. D) expenditures on durable goods.
We know that products G and H are related goods, because when the price of G increases,
A) the demand curve for H will shift to the right, because G and H are complementary goods. B) the quantity of H demanded will shift along its demand curve, because G and H are complementary goods. C) the demand curve for H will shift to the left, because G and H are complementary goods. D) the demand curve for H will remain unchanged because G and H are substitute goods.
Unlike Keynesians, neo-Keynesian economists believe that the aggregate supply curve is (drawn from left to right)
a. horizontal b. vertical c. vertical, downward sloping, horizontal d. horizontal, vertical e. horizontal, upward sloping, vertical
Larry looks at his wage statement. How can he recognize what is known as payroll tax?
a. The tax will be funded entirely by his employer. b. The tax will be entirely funded from his own wages. c. The tax will be broken down into an hourly rate. d. The tax will come from his wages and his employer’s contribution.