An increase in wealth would cause the IS curve to
A) shift up and to the right.
B) shift down and to the left.
C) remain unchanged.
D) shift up and to the right only if people face borrowing constraints.
A
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Suppose that Mel (who is 27 ) is not working, but looked for a job as recently as 2 months ago. Mel would like a job and he is available for work. He is considered
A) unemployed. B) a member of the labor force and unemployed. C) a member of the labor force, but not unemployed. D) a member of the working-age population E) a marginally attached worker.
As conflicts between principles of taxation are normative in nature, _____
a. agreement is easily reached b. disagreement cannot easily be resolved c. the benefit principle should be the proper default d. the Pareto criteria should be used instead
Attractive industries have all the following attributes, except
a. High supplier power b. Low buyer power c. High entry barriers d. Low rivalry
The size of planned consumption is influenced to a considerable extent by
a. the interest rate. b. whether or not the government is running a deficit. c. how much income people are receiving. d. expected profits.