Which of the following causes of unemployment is not associated with a wage rate above the market equilibrium level?
a. efficiency wages
b. job search
c. minimum-wage laws
d. unions
b
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A large increase in the supply of HD-TV sets occurs simultaneously with a smaller decrease in its demand. As a result, the equilibrium price will ________ and the equilibrium quantity will ________.
A. decrease, increase B. increase, decrease C. decrease, decrease D. increase, increase
In the above figure, the aggregate demand curve is AD2, so the long-run equilibrium level of real GDP is
A) $16 trillion. B) $16.5 trillion. C) more than $16 and less than $16.5 trillion. D) None of the above answers is correct.
The demand for reserves depends on income and the price level
a. True b. False Indicate whether the statement is true or false
If people (who used to neither borrow nor save) are now borrowing to put their kids through college, then this will cause the
A. demand for loanable funds to decrease. B. demand for loanable funds to increase. C. supply for loanable funds to increase. D. supply for loanable funds to decrease.