In April? 2017, which of the following demographic groups had a higher rate of unemployment than the unemployment rate for the total? population?
Ans: High school dropouts
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If production technologies are homothetic, all cost-minimizing production plans lie on the same ray from the origin for a given set of input prices.
Answer the following statement true (T) or false (F)
Assuming the economy is represented by the graph shown, if the government were to enact a partially successful expansionary fiscal policy, it would be most likely to:
A. move from equilibrium A to B.
B. move from equilibrium B to A.
C. cause unemployment to temporarily increase.
D. cause deflation.
Which of the following contributes to the projected rise in government spending on Social Security and Medicare as a percentage of GDP?
a. increasing life expectancies b. increasing healthcare costs c. increasing fertility rates d. Both a and b are correct.
Demand for a resource is a ___________ demand.
Fill in the blank(s) with the appropriate word(s).