Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, a decrease in unemployment may be represented by the movement from
A. B to A.
B. C to D.
C. B to D.
D. A to C.
Answer: B
You might also like to view...
Compared to a competitive market, a firm that has a monopsony in a labor market would
A) hire fewer workers and pay higher wages. B) hire more workers and pay higher wages. C) hire more workers and pay lower wages. D) hire fewer workers and pay lower wages.
If the inflation rate is decreasing while unemployment is decreasing: a. the short-run Phillips curve must have shifted right
b. the short-run Phillips curve must have shifted left. c. it involved a movement along the short-run Phillips curve. d. it would be inconsistent with any possible Phillips curve scenario.
Which of the following is NOT a function of rental prices?
A. to allocate existing scarce housing among different people B. to ration the existing housing stock C. to provide housing to individuals below market value D. to stimulate the construction of new housing
Individuals receive income and pay taxes over the course of a year. The difference between the income they receive and the taxes they pay is referred to as
A. net national income. B. per capita real GDP. C. net domestic product. D. disposable personal income.