Job rationing occurs when the real wage is ________ the equilibrium level and there is a ________ of labor
A) below; surplus
B) equal to; shortage
C) above; surplus
D) above; shortage
E) below; shortage
C
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Which of the following is closest to the future value of an $800,000 deposit earning 2 percent interest annually after 20 years?
A. $1,120,262 B. $1,188,758 C. $1,201,204 D. $1,176,224
Which of the following is accurately predicted by GDP?
a. production b. education c. health d. environmental protection
Refer to the information provided in Table 22.2 below to answer the question(s) that follow. Table 22.2 PointAggregate Income (Y)Aggregate Consumption (C) A 10 14 B 20 23 C 30 25 D 40 26 E 50 34 F 60 39The data in the table was used to estimate the following consumption function: C = 12 + 0.4YRefer to Table 22.2. The error for point A is equal to
A. -3. B. -2. C. +2. D. +3.
We say a market is "missing" when:
A. there is an absence of a well-functioning market, and total surplus is lower than it could be. B. there is no place for potential buyers and sellers to exchange a particular good or service. C. the quantity being exchanged is at or close to zero. D. All of these are true.