Elected government officials seem biased toward favoring
A) the national interest.
B) the global interest.
C) well organized, special interest groups.
D) policies that are in the long-run interest of economists.
C
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A decrease in the wage rate
A) shifts the firm's demand for labor curve rightward. B) shifts the firm's demand for labor curve leftward. C) leads to a movement along the demand for labor curve but does not shift the curve. D) None of the above answers is correct.
Consider the same monopoly situation as in the previous question. The firm's profit will be
a. 1,760 b. 1,660 c. 2,264 d. 6,728
If people decide to hold some of their cash and not deposit it, then the:
A. money multiplier overestimates how much money will be created in the economy. B. reserve ratio is not fully functioning, and should be raised. C. reserve ratio is not fully functioning, and should be lowered. D. money multiplier underestimates how much money will be created in the economy.
The transfer of domestic economic stimulus to foreign markets is known as
A. economic overage. B. net export leakage. C. fiscal offset. D. overseas leakage.