Future generations are most likely to lose as a consequence of budget deficits if
A. growth of the national debt causes high interest rates that discourage private capital accumulation.
B. internally held national debt rises as a percentage of GDP.
C. the national debt is continually rolled over, and is never paid off.
D. foreigners buy more and more of our national debt, forever.
A. growth of the national debt causes high interest rates that discourage private capital accumulation.
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Over the last 50 years, how has the women's labor force participation rate changed? What are reasons for this change?
What will be an ideal response?
Refer to the figure above. What is the equilibrium quantity of labor hired by the firm when the wage rate is $6 per hour?
A) 10 hours B) 30 hours C) 60 hours D) 90 hours
Refer to the above figure. We are currently producing at point c. Which of the following statements is TRUE?
A) Resources are not being efficiently utilized. B) Resources are being efficiently utilized. C) The only way to produce more of Goods X or Y is to have an increase in the amount of resources. D) The Law of Increasing Additional Cost does not hold.
The Fed initiates a contractionary monetary policy that is correctly anticipated by economic agents in the economy. The result is
A) decreased prices, but no change in real GDP. B) decreased prices and decreased real GDP in the short run, but only decreased prices in the long run. C) decreased real GDP in the short run and decreased prices in the long run. D) decreased real GDP and prices in both the short run and the long run.