The long-run aggregate supply curve (LRAS) corresponds to full-employment real GDP with zero frictional and structural unemployment

a. True
b. False
Indicate whether the statement is true or false


False

Economics

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The demand for current consumption, as plotted against the interest rate, shifts to the right due to all of the following except

A) a decrease in current taxes. B) a increase in future taxes. C) an increase in current income. D) an increase in future income.

Economics

The U.S. Postal Service has a monopoly over first-class mail delivery

a. because of economies of scale b. because of its control of essential resources c. because of its control over key patents d. because of government-imposed barriers to entry e. despite its very low fixed costs

Economics

Jan has an income of $30,000 and pays $4,500 in taxes. When Jan's income rises to $40,000 . her tax bill rises to $6,500 . What is Jan's marginal tax rate?

a. 5 percent. b. 15 percent. c. 16.25 percent. d. 20 percent.

Economics

The historical record of the Fed's success in controlling inflation has been

a. consistently strong b. inconsistent c. consistently disappointing d. shaped primarily by supply shocks e. incapable of measurement

Economics