Recent declines in union membership are likely to cause the natural rate of unemployment to:
What will be an ideal response?
decrease
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Assuming a horizontal aggregate supply curve, output will change when
a. monetary or fiscal policy changes. b. monetary policy changes. c. fiscal policy changes. d. capital, labor, or technology changes. e. all of the above
Given the assumptions of the classical model
A) the economy will often experience recessions and expansions. B) expansion will be the normal condition, but recessions will often be severe and require government intervention. C) the macroeconomy is erratic, and problems will often be increased over time. D) the market is a self-correcting mechanism.
According to supply-side theory, which of the following would cause a leftward shift in the aggregate supply curve?
A. Eliminating excessive government regulation. B. Reducing the minimum wage. C. Increasing government regulations. D. Reducing discrimination in employment.
Harold purchased farmland a long time ago because he felt the stock market was too risky. Now he is afraid of the risk that someone will get hurt on his land and sue him. Which financial intermediary can Harold use to protect the money he has invested in farmland from being taken in a lawsuit?
a. a mutual fund b. a savings and loan c. a bank d. an insurance company