The official unemployment rate might underestimate the underutilization of labour resources for all of the following reasons except ________.
A) it excludes people who are waiting to be called back to jobs from which they have been laid off
B) it excludes marginally attached workers
C) it excludes discouraged workers
D) it excludes part-time workers who want full-time jobs
E) the official unemployment rate excludes all of the above
A) it excludes people who are waiting to be called back to jobs from which they have been laid off
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The aggregate demand curve will shift to the right ________ the initial increase in government purchases
A) by less than B) by more than C) by the same amount as D) sometimes by more than and other times by less than
The government sets up a lighthouse to prevent ships from crashing into rocks near the shore. The lighthouse is an example of a _____
a. merit good b. club good c. public good d. private good
The Bali, Indonesia bombing by Al-Qaeda, which struck a U.S. target that was lightly defended, was an example of the "rational terrorist's"
A. marginalist technique. B. diversion technique. C. substitution effect. D. compression effect.
A higher return on saving ______ the amount a household needs to save to achieve any target level of future consumption. This effect on saving is called the _______ effect. If the income effect is large enough, then a reduction in taxes on saving might ______ tax revenues
Fill in the blank(s) with correct word