Matilda just graduated from college. In order to devote all her efforts to college, she didn't hold a job. She is going to tour around the country on her motorcycle for a month before she starts looking for work. Other things the same, the unemployment rate
a. increases, and the labor-force participation rate decreases.
b. and the labor-force participation rate both increase.
c. increases, and the labor-force participation rate is unaffected.
d. and the labor-force participation rate are both unaffected.
d
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What mechanism assures that firms produce outputs that consumers actually desire?
A. governmental regulations on the mix of outputs B. altruism C. the desire for profit D. a desire to serve others without thought of reward E. All of the responses are correct.
Indifference curves for perfect substitutes must be parallel lines with a slope of negative one
Indicate whether the statement is true or false
Which of the following is an explanation for why the AD curve slopes downward?
A. The interest rate effect. B. The laissez faire effect. C. The cost effect. D. The profit effect.
Assume that Country X and Country Y are trading partners and the exchange rates are fixed. If prices in Country Y fall, which of the following is expected to happen?
A. Country X will export more. B. Economy of Country X will be depressed. C. Net exports will rise for Country X. D. Country Y will import more.