Which of the following is the least likely to influence the natural rate of unemployment?
a) monopolies in the goods market
b) labor unions
c) payroll taxes
d) unemployment insurance benefits
e) monetary policy
e) monetary policy
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Which of the following statements is correct?
A) The slope of a curved line is not defined because it is impossible to calculate the slope along a curved line. B) The slope of a straight line changes depending where on the line it is calculated. C) A straight line that slopes upward moving to the right has a positive slope. D) Answers A and B are correct. E) Answers A and C are correct.
If the government increases aggregate demand when the economy is at both short-run and long-run equilibrium, the full long-run effect of this fiscal policy will be to
A) increase real Gross Domestic Product (GDP). B) increase the price level. C) increase either the real Gross Domestic Product (GDP) or the price level, depending on the length of the time lag. D) decrease both real Gross Domestic Product (GDP) and the price level.
Long-run profit earned by a monopolistically competitive firm is driven to the competitive level due to a(n)
a. change in the technology that the firm utilizes. b. shift of its demand curve. c. shift of its supply curve. d. increase in the firm's average cost of production.
An individual faces two alternatives for an investment: Asset A has the following probability return schedule:Probability of returnReturn (Yield) %.2511.0.2010.5.209.5.159.0.106.5.10-1.0Asset B has a certain return of 8.0%. If the individual selects asset A does she violate the principle of risk aversion? Explain.
What will be an ideal response?