Faster economic growth in the United States may lead to the serious macroeconomic problem of higher
a. levels of unemployment.
b. federal budget deficits.
c. levels of inflation.
d. levels of poverty.
c
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People over the age 16 with full-time jobs are considered to be
A) in the labor force and employed. B) unemployed. C) in the labor force unemployed. D) in the working-age population only because they have full-time jobs. E) not in the labor force.
Private subsidies granted to producers affect
A) the supply side of the market by shifting the supply curve. B) the demand side of the market by shifting the demand curve. C) property rights. D) transaction costs. E) both the supply side of the market and the demand side because they shift both the supply curve and the demand curve.
According to the textbook, the most important and enduring source of market power is:
A. government franchises. B. economies of scale. C. copyrights. D. patents.
An increase in the capital stock
A. can increase output, but only if it is accompanied by an increase in the labor force. B. cannot increase output, even if it is accompanied by an increase in the labor force. C. provides valuable services directly, but not indirectly. D. can increase output, even if it is not accompanied by an increase in the labor force.