Which of the following conditions might move the labor supply curve to the left?
a. As the hospital nursing staff grew older, more of them reduced their hours to part
time.
b. The chance to take part in world-class research inspired candidates to apply for the
fellowship.
c. A large number of immigrants entered the state in search of better economic
opportunities.
d. More college graduates than ever were entering the work force with student loans to
pay.
a. As the hospital nursing staff grew older, more of them reduced their hours to part
time.
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Can the Federal Reserve achieve both low inflation and low levels of unemployment? Explain
What will be an ideal response?
According to the representative heuristic, you are more likely to assume that someone you just met is an architect if:
A. you also happened to meet two other architects earlier in the day. B. it has been a long time since you last met an architect. C. that person has many of the characteristics of an architect. D. you recently watched a television show about architects.
Productive efficiency implies that
What will be an ideal response?
If the GDP deflator is less than 100, then
A. nominal GDP is greater than real GDP. B. nominal GDP equals real GDP. C. prices decreased by more than half between the current and the base years. D. nominal GDP is lower than real GDP.