In the Friedman "Fooling Model" if P(e) is less than P then the labor supply curve in Figure 17-1 above
A) shifts leftward when workers realize their error.
B) always shifts rightward.
C) initially remains the same.
D) Both A and C are correct.
D
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The above figure shows the market for blouses. The government decides to impose the sales tax on sellers, as shown in the figure. The amount of the tax paid by the buyers would be greater than shown in the figure
A) only if the demand was more elastic. B) only if the demand was more inelastic. C) only if the supply was more elastic. D) if either the demand was more inelastic or the supply more elastic.
Why is it useful to make a distinction between debt and equity instruments?
What will be an ideal response?
Which of the following is most sensitive to the business cycle?
a. nondurable goods b. durable goods c. services d. transfer payments e. land
Net Investment includes Gross Investment minus what?
a. Aggregate Expenditure b. Net Exports c. Capital Goods d. Depreciation