A program budget ______
a. increases the budget of an agency by the annual inflation rate
b. groups expenditures by the goals they are trying to achieve
c. groups expenditures by the types of items that are purchased
d. groups expenditures by agency
b
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The more generous unemployment benefits are, the ________ the unemployment rate remains and the ________ the time frame people tend to remain unemployed
A) higher; longer B) higher; shorter C) lower; longer D) lower; shorter
Refer to Table 2-3. Assume Dina's Diner only produces sliders and hot wings. A combination of 80 sliders and 50 hot wings would appear
A) along Dina's production possibilities frontier. B) inside Dina's production possibilities frontier. C) outside Dina's production possibilities frontier. D) at the vertical intercept of Dina's production possibilities frontier.
If the market wage rate increases, a firm's labor demand curve does not shift but the labor supply curve shifts to the right
Indicate whether the statement is true or false
If the steady-state capital—labor ratio is equal to the Golden Rule capital—labor ratio, then in the steady state
A) output per worker equals investment per worker. B) output per worker equals depreciation per worker. C) investment per worker is as large as possible. D) consumption per worker is as large as possible.