Other things equal, the supply of labor will be lower to a job that
a. offers more prestige
b. offers valuable on-the-job training
c. requires advanced skills or education
d. provides a climate-controlled work environment
e. allows for flexible work schedules
C
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Which of the following is NOT included in the flow of investment spending that is part of total planned expenditures in the economy?
A) purchases of corporate stock B) inventory investment C) fixed investment D) spending on capital goods
Several people in Neonland are expecting a sharp rise in the unemployment rate in the near future. Which of the following is likely to happen in this case?
A) The labor demand curves of firms in Neonland will shift rightward. B) Neonland's GDP will fall. C) Current consumption by households will increase. D) Investment by firms will increase.
In the monetary small open-economy model with a flexible exchange rate, an increase in the foreign price level decreases
A) domestic output, but has no effect on the domestic price level or the nominal exchange rate. B) the domestic price level, but has no effect on domestic output or the nominal exchange rate. C) the nominal exchange rate, but has no effect on domestic output or the domestic price level. D) the domestic price level and the nominal exchange rate, but has no effect on domestic output.
Refer to the information provided in Figure 23.2 below to answer the question(s) that follow.
Figure 23.2Refer to Figure 23.2. Jerry's saving is negative along the line segment
A. AB. B. AC. C. AY1. D. CY2.