Black market transactions generally increase the deadweight losses created by restrictive government policies
Indicate whether the statement is true or false
FALSE
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What happens to the quantity of cell phones supplied and the supply of cell phones if the price of a cell phone falls?
What will be an ideal response?
Which of the following is an unconventional monetary policy?
a. lending to banks in unprecedented volume b. lending to companies other than banks c. reducing the federal funds rate to zero d. All of these are unconventional monetary policies.
Briefly explain how divorce and the number of breadwinners in a household affect calculations of inequality. Give an example.
What will be an ideal response?
An increase in labor supply would cause the IS curve to
A. shift up and to the right. B. shift down and to the left. C. remain unchanged. D. shift up and to the right only if people face borrowing constraints.