Which of the following would decrease the unemployment rate?
A) government aid to retrain unemployed workers
B) an increase in the efficiency wage
C) an increase in the minimum wage
D) an increase in labor union membership
A
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A steep slope in a time-series graph means the variable is
A) high. B) falling. C) rising or falling quickly. D) rising or falling slowly. E) very close to its trend point.
Increases in both labor and capital productivity will result in:
A) downward shift of the average and marginal product curves and upward shift of the average cost curves. B) downward shift of the average and marginal product curves and downward shift of the average cost curves. C) upward shift of the average and marginal product curves and downward shift of the average cost curves. D) upward shift of the average and marginal product curves and upward shift of the average cost curves.
Lucas argues that when policies change, expectations will change thereby
A) changing the relationships in econometric models. B) causing the government to abandon its discretionary stance. C) forcing the Fed to keep its deliberations secret. D) making it easier to predict the effects of policy changes.
What is projected to be the greatest source of US electricity production by 2040?
a) Coal
b) Natural Gas
c) Nuclear
d) Solar
e) Wind