Which of the following would cause price to increase?
a. an increase in supply
b. a decrease in demand
c. a surplus of the good
d. a shortage of the good
d
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Suppose that Mel (who is 27 ) is not working, but looked for a job as recently as 2 months ago. Mel would like a job and he is available for work. He is considered
A) unemployed. B) a member of the labor force and unemployed. C) a member of the labor force, but not unemployed. D) a member of the working-age population E) a marginally attached worker.
Credit cards, debit cards, and e-checks are
A) always counted as money. B) not money. C) sometimes counted as money, depending on how they are used. D) sometimes counted as money, depending on what is purchased. E) sometimes counted as money, depending on what measure of money is being used.
In the RBC model, actual real GDP is
A) never equal to the natural real GDP. B) equal to the natural real GDP when P = Pe. C) equal to the natural real GDP when P is equal to or greater than Pe. D) always equal to the natural real GDP.
A decrease in the U.S. price level will: a. decrease U.S. imports
b. decrease U.S. exports. c. decrease the quantity of RGDP demanded in the United States. d. both (a) and (c)