More than three-fourths of the unemployed are recent entrants into the labor force
a. True
b. False
Indicate whether the statement is true or false
False
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Why do most people specialize in their work?
What will be an ideal response?
Public choice theory suggests that political candidates try to get elected by
a. appealing to conservatives b. appealing to liberals c. appealing to senior citizens d. appealing to the median voter e. raising taxes
If people come to expect ongoing inflation, what will happen over time independent of the Fed's response?
a. The long-run aggregate supply curve will shift to the right. b. The aggregate supply curve will continue to shift upward. c. The aggregate demand curve will continue to shift to the right. d. The aggregate supply curve will continue to shift downward. e. The aggregate demand curve will continue to shift to the left.
Firms that place their assets in the custody of a board of trustees is called a(n):
A. utility. B. oligopoly. C. trust. D. cartel.