A binding minimum wage creates a surplus of labor
a. True
b. False
Indicate whether the statement is true or false
True
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The demand for loanable funds curve shifts rightward when
A) expected profit decreases. B) the real interest rate rises. C) the real interest rate falls. D) expected profit increases. E) wealth rises.
What is educational inequality and how is it measured? Why is it important to measure the degree of educational inequality in a country? Explain your answer
What will be an ideal response?
Commodities that typically last three years or more are called:
A) durable goods. B) nondurable goods. C) services. D) none of the above.
As world economies start to recover from the 2008 financial crisis and firms expect profits to increase,
A) the U.S. short-run aggregate supply curve immediately will shift rightward. B) investment will increase and there will be a movement up along the aggregate demand curve. C) the price level in the U.S. will decrease as firms increase investment. D) both investment and aggregate demand will increase.