The unemployment rate and the level of aggregate output are negatively related.
Answer the following statement true (T) or false (F)
True
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Refer to the table above. If Bob earns $105,000 per annum, he has to pay a tax of approximately ________
A) $6,400 B) $12,600 C) $18,675 D) $19,600
A decrease in the price of a factor of production will lead to an increase in the supply of goods that use the factor in production.
a. true b. false
A White House proposal to increase infrastructure spending on roads, rail lines and runways is an example of:
A. expansionary fiscal policy. B. contractionary fiscal policy. C. automatic stabilization. D. insourcing policies.
An example of an exclusive union would be
A. the International Brotherhood of the Teamsters. B. the Communications Workers of America. C. the American Medical Association. D. the United Steel Workers.