An increase in labor supply would cause the IS curve to
A. shift up and to the right.
B. shift down and to the left.
C. remain unchanged.
D. shift up and to the right only if people face borrowing constraints.
Answer: C
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For the measure of fit in your regression model with a binary dependent variable, you can meaningfully use the
A) pseudo R2. B) size of the regression coefficients. C) standard error of the regression. D) regression R2.
The Federal Reserve System was created in
a. 1776 b. 1894 c. 1913 d. 1930 e. 1936
No clearly defined socially preferred outcome may result when majority voting on outcomes because
A) often voters don't understand the outcomes. B) voting may violate the independence of irrelevant alternatives. C) voting may lead to incomplete preferences. D) voting may lead to non-transitive preference.
The bigger the arc in the utility curve, the _________ the utility an individual obtains from a certain outcome as opposed to the ________________ from an uncertain gamble with the same expected payoff.
Fill in the blank(s) with the appropriate word(s).