The total level of all planned expenditures in the economy best describes
A) aggregate supply.
B) aggregate demand.
C) aggregate expenditures.
D) both B and C are correct.
D
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The demand curve for low-skilled labor lies to the left of the demand curve for high-skilled labor because
A) there are more high-skilled workers than low-skilled workers. B) high-skilled workers require more compensation than low-skilled workers. C) high-skilled workers are more productive than low-skilled labor. D) firms do not see any difference between high-skilled labor and low-skilled labor.
Deposit insurance is only one type of government safety net. All of the following are types of government support for troubled financial institutions EXCEPT
A) forgiving tax debt. B) lending from the central bank. C) lending directly from the government's treasury department. D) nationalizing and guaranteeing that all creditors will be repaid their loans in full.
The civilian labor force consists of all the:
a. people in the economy who are not retired. b. people in the economy over 16 years of age. c. adults in the economy between 18 and 65 years old who are able to work. d. noninstitutionalized adults in the economy who hold jobs or are looking for them. e. citizens in the economy who are graduates of high school.
Choose the letter of the diagram in Figure 36.2 that represents the shift in the foreign exchange market for dollars given the following situation, ceteris paribus: The Japanese remove some tariffs on American goods.
A. a. B. b. C. c. D. d.