The length of time people spend in search of a job increases if
A) there is a sudden change in technology.
B) the population ages.
C) the criteria necessary to qualify for unemployment benefits increases.
D) unemployment benefits increase.
E) the minimum wage is decreased.
D
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Assume that seigniorage and the government's primary deficit are both zero. A change in the debt-to-GDP ratio depends on just
A) the rate of inflation and total factor productivity. B) the growth rate of real GDP and the real interest rate. C) the growth rate of the money supply and the nominal interest rate. D) the growth rate of nominal GDP and the rate of inflation.
The perfectly competitive, profit-maximizing rate of production
A) occurs at the point at which marginal revenue is equal to marginal cost. B) occurs at the point at which the difference between marginal revenue and marginal cost is maximized. C) is not measurable for a perfectly competitive firm. D) ignores the relation of total revenues and total costs.
The balanced budget multiplier is equal to one
a. True b. False Indicate whether the statement is true or false
The sum of past federal budget deficits increases the:
a. GDP debt. b. trade debt plus debt. c. national debt. d. Congressional debt.