All of the following will shift the labor supply curve except
A) an increase in labor force participation rate among women.
B) a change in a country's immigration policy.
C) an increase in the average age of retirement.
D) an increase in the wage rate.
D
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If the nominal interest rate on a one-year loan was 7%, the actual inflation rate over the year was 3% and the expected inflation rate over the year was 2.5%, then the expected real interest rate equals
A) 4.5%. B) 4.0%. C) 3.75%. D) 3.5%.
In the long-run, the aggregate supply curve normally is downward-sloping
a. True b. False Indicate whether the statement is true or false
People who say that they would like to have a job, but have not made an effort to find a job in the past four weeks, are called ________ workers.
A. discouraged B. unemployed C. involuntary part-time D. chronically unemployed
If Mary has an absolute advantage over Bill in performing each of two tasks, then
a. Mary must have a comparative advantage in both tasks b. Mary cannot benefit by specializing in one and trading with Bill for the other c. Mary should specialize in both tasks d. Mary cannot have a comparative advantage in either task e. Mary should specialize in the one in which she has a comparative advantage