Which of the following will NOT affect the natural rate of unemployment?
A) minimum wage legislation
B) restrictive monetary policy
C) employer discrimination
D) geographic immobility
B
You might also like to view...
Spending on the war in Afghanistan is essentially categorized as government purchases. How do increases in spending on the war in Afghanistan affect the aggregate demand curve?
A) They will shift the aggregate demand curve to the right. B) They will move the economy up along a stationary aggregate demand curve. C) They will move the economy down along a stationary aggregate demand curve. D) They will shift the aggregate demand curve to the left.
The formula for price elasticity of demand that is used in practice
a. usually drops all minus signs. b. usually takes on different values at different points on the demand curve. c. may calculate the percentage change in price between P1 and P2 as "(P2 ? P1) as a percentage of (P1 + P2)/2." d. All of the above are correct.
The marginal tax rate is equal to the
A) total amount of a person's tax payment divided by the total amount of the person's taxable income. B) total amount of a person's tax payment divided by the change in the person's taxable income. C) change in the person's tax payment divided by the total amount of the person's taxable income. D) change in the person's tax payment divided by the change in the person's taxable income.
The quantity demanded is called elastic if it is ______.
a. responsive even to a small change in price b. responsive mainly to a large change in price c. unresponsive to a small change in price d. unresponsive even to a large change in price