A price surprise is equal to the expected price level minus the actual price level.
Answer the following statement true (T) or false (F)
False
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Without any change in the demand for labor, how are the following events likely to change the equilibrium wage and employment level in a dairy farm?
a) An increase in the population of the region where the dairy farm is located b) The establishment of a cotton mill that pays higher hourly wages, near the dairy farm c) The shutdown of a rice farm located near the dairy farm
A tax of $1 on sellers always increases the equilibrium price by $1
a. True b. False Indicate whether the statement is true or false
If the capital-gains tax rate in 2007 had remained the same as in the mid - 1970s,
A. more gains would have reported to the IRS. B. the top 1 percent share of income would have been less than 7%. C. far fewer gains would have been realized. D. the top 1 percent share of income would have been more than 30%.
The objectives of monetary policy are ________.
What will be an ideal response?