________ can trigger a recession
A) A decrease in autonomous expenditure
B) An increase in autonomous expenditure
C) An increase in induced expenditure
D) Equality between aggregate expenditure and real GDP
E) An increase in the expenditure multiplier
A
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When the price level in the United States rises relative to the price level of other countries, ________ will rise, ________ will fall, and ________ will fall
A) net exports; exports; imports B) net exports; imports; exports C) exports; imports; net exports D) imports; exports; net exports
Which of the following can result in occupational crowding?
a. Illegal immigration b. Outsourcing of services c. Consumer prejudices, superstitions, and religious taboos d. Governmental policies and customs e. Statistical discrimination and imperfect information
In deriving the demand schedule for a good, economists assume that
A. reported income changes at each point on the demand schedule. B. consumers have equal incomes to allocate among goods. C. all other influences on demand except the product price are held constant. D. a consumer will allocate all of her income to one good.
The labor force of a country was 50 million last year. The labor-force participation rate was 4% last year, but it increased to 6% in the current year. This implies the labor force in the current year is _____
a. 70 million b. 75 million c. 100 million d. 35 million