Suppose that the labor movement has a revival in the US and the majority of workers join labor unions. As a result you would expect
A) the unemployment rate to rise.
B) the unemployment rate to fall.
C) the aggregate demand curve to shift rightward.
Answer: A) the unemployment rate to rise.
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An effective program used to fight transient poverty is:
A. unemployment insurance. B. health insurance. C. job training. D. All of these are effective at fighting transient poverty.
Spending VCU4 on real-world goods and services causes the nation's:
a. Demand for real goods and services to rise and monetary base to remain the same. b. Demand for real goods and services to fall and M2 money supply to fall. c. Demand for real goods and services to remain the same and M2 money multiplier to fall. d. Demand for real goods and services to remain the same and M2 money supply to remain the same.
A rational decisionmaker takes an action if and only if the marginal cost exceeds the marginal benefit
a. True b. False Indicate whether the statement is true or false
The government defines the poverty line as
A. the lowest income quintile (20%). B. those receiving public assistance or eligible for public assistance. C. anyone who does not have to pay federal income tax. D. a minimum dollar amount of income, depending on family size.