The labor force participation rates of men have gradually increased since 1948
Indicate whether the statement is true or false
FALSE
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Automatic stabilizers are changes in ________ that occur automatically as economic activity changes
A) taxes and transfer payments B) the money supply C) unemployment D) inflation
For a monopsony, the marginal cost of labor exceeds the wage rate because the firm must increase the wage it pays to all of its workers if it wishes to increase its employment
Indicate whether the statement is true or false
In 2007, relative to 2001, in the U. S., household
A. revolving debt was higher and household non-revolving debt was lower. B. revolving and non-revolving debt were both higher. C. revolving and non-revolving debt were both lower. D. revolving debt was lower and household non-revolving debt was higher.
If both supply and demand decrease by the same amount, the equilibrium price
A) does not change. B) rises. C) falls. D) cannot be predicted. E) None of the answers is correct because the price depends on what happens to the equilibrium quantity.