Your savings account balance would be counted in which measure of money?
A. M1
B. M2
C. Hard money
D. It would be counted in both M1 and M2
B. M2
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When a tariff is imposed on a good, the ________ increases
A) domestic quantity purchased B) domestic quantity produced C) quantity imported D) quantity exported E) world price
The United Auto Workers has fought for curbs on imports of foreign-made cars in order to cause
a. a rightward shift in the supply of U.S. cars b. a leftward shift in the supply of U.S. cars c. movement to the left along the supply curve for U.S. cars d. movement to the right along the supply curve for U.S. cars e. a rightward shift of the demand curve for U.S. cars
Structural unemployment is:
A. the extra unemployment that occurs during periods of recession. B. short-term unemployment that is associated with the process of matching workers with jobs. C. the additional unemployment not captured in official statistics resulting from discouraged workers and involuntary part-time workers. D. long-term and chronic unemployment that exists even when the economy is producing at a normal rate.
If unskilled domestic labor and unskilled immigrant labor are substitutes in the production process, then a more open immigration policy will likely result in all but which of the following?
A. The wage received by unskilled native workers decreases. B. The demand curve for unskilled labor shifts up (out). C. The total market supply of unskilled labor shifts out. D. The market-clearing wage for unskilled labor decreases. E. Total employment of unskilled labor increases.