Which of the following would lead to an (eventual) increase in the labor force by shifting the labor demand curve?
a. A trend toward earlier retirement ages
b. An increase in the working-age population
c. A reduction in the number of guaranteed student loans
d. An increase in college work-study programs
e. A decrease in personal income tax rates
D
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Assume there is a simultaneous increase in home foreclosures and a decrease in consumer incomes. Based on this information we can conclude, with certainty, that in the market for used single-family homes equilibrium:
A) price will increase. B) price will decrease. C) quantity will increase. D) quantity will decrease.
Government policies designed to change the distribution of income to one that is more equal involve taking from the rich and giving to the poor
a. True b. False Indicate whether the statement is true or false
Marginal profit equals the difference between marginal revenue and average cost
a. True b. False Indicate whether the statement is true or false
As the price level decreases real GDP demanded increases because
A. consumer wealth increases. B. net exports decrease. C. interest rates decrease and cause lower investment. D. net exports are indeterminant .