In 2008 during the Great Recession, the Federal government provided tax rebate checks to taxpayers in the hope that:
A. C would shift down
B. C would shift up
C. G would shift down
D. G would shift up
B. C would shift up
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It is possible to analyze education decisions in a manner similar to the decision to acquire more
a. capital. b. leisure. c. work. d. goods and services.
Once the federal funds rate is reduced to zero, conventional restrictive monetary policy is no longer an option
a. True b. False Indicate whether the statement is true or false
Which of the following is not a reason people choose to depend on others for goods and services?
a. to improve their lives b. to allow them to enjoy a greater variety of goods and services c. to consume more of each good without working any more hours d. to allow people to produce outside their production possibilities frontiers
If labor supply of unskilled workers is perfectly inelastic, then
A. the labor supply curve of unskilled workers is vertical at the total number of unskilled workers in the market. B. firms face an increasing marginal cost of hiring unskilled labor. C. firms face a horizontal value of marginal product of employment curve. D. workers will supply more hours of labor to the market when wages increase. E. the labor supply curve of unskilled workers is horizontal at the market-clearing wage.