If leisure activities become more attractive, there will be a
A. Rightward shift of the labor supply curve.
B. Movement up the labor supply curve to the right.
C. Movement down the labor supply curve to the left.
D. Leftward shift of the labor supply curve.
Answer: D
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Rosina Gonzales quit her job in Pennsylvania and moved to California to be close to her family. She is currently looking for work, so she would be considered
A) cyclically unemployed. B) avoidably unemployed. C) frictionally unemployed. D) a discouraged worker. E) not in the labor force because she moved more than 150 miles.
Refer to Figure 17-1. What should the Federal Reserve do if it wants to move from point A to point B in the short-run Phillips curve depicted in the figure above?
A) lower taxes B) buy treasury bills C) lower the discount rate D) increase the money supply E) sell treasury bills
If the firm can vary all factors of production, it is operating
A) at a profit. B) at a zero economic profit. C) in the short run. D) in the long run.
Refer to Table 4.2. If you choose to invest in Japanese bonds, your investment return from Scenario A will be
A) 1%. B) 3%. C) 4%. D) 7%.