The text points out that since the 1970s, which of the following regions of the United States became a "population magnet?"
a. Midwest
b. Northeast
c. South
d. West
e. North
C
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The above figure shows a labor market with minimum wage equal to $16. In this figure, what area equals the deadweight loss?
A) area A B) area B C) area C D) area D E) area E
Outlawing the sale of a good shifts the supply curve
A) leftward and lowers the price. B) leftward and raises the price. C) rightward and lowers the price. D) rightward and raises the price.
Under the current managed float exchange rate regime, countries with balance of payments ________ frequently do not want to see their currencies ________ because it makes foreign goods more expensive for domestic consumers and can stimulate inflation
. A) surpluses; depreciate B) deficits; depreciate C) surpluses; appreciate D) deficits; appreciate
If Figure 4-8 above is to show the result of a "fully accommodating" monetary policy following a shift of the IS curve from IS0 to IS1, what is the initial level of real income and interest rate before these changes?
A) 3500; 7.5%. B) 4500; 12.5%. C) 5500; 7.5%. D) 4500; 2.5%.