If the Congress passes legislation to increase government spending to counter the effects of a recession, then this would be an example of a(n):
a. Supply-side fiscal policy
b. Contractionary fiscal policy
c. Expansionary fiscal policy
d. Nondiscretionary fiscal policy
c. Expansionary fiscal policy
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A method of detecting discrimination that involves researchers faking identities for people who are essentially alike but but differ in race, gender, or some other characteristic is called
A) the audit method. B) regression analysis. C) statistical discrimination. D) taste-based discrimination.
Refer to Table 4-8. What is the equilibrium hourly wage (W*) and the equilibrium quantity of labor (Q*)?
A) W* = $8.50; Q* = 380,000 B) W* = $8.50; Q* = 360,000 C) W* = $9.00; Q* = 370,000 D) W* = $9.00; Q* = 740,000
Which of the following futures contracts is available on the Chicago Board of Trade?
A) New York Stock Exchange Composite Index futures B) Foreign currency futures C) U.S. Treasury bonds D) Value Line Market Index futures
Refer to the above figure. The figure gives the payoff matrix for two individuals who are being accused of robbing a bank together. If Bob does not confess, what is the best strategy for Harry?
A) Confess. B) Don't confess. C) Flip a coin to decide what to do. D) There is no best strategy.