If a forecast is made using all available information, then economists say that the expectation formation is
A) rational.
B) irrational.
C) adaptive.
D) reasonable.
A
Economics
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The demand curve for labor would shift leftward as the result of a(n)
A. decrease in the productivity of labor. B. increase in the price of labor. C. decrease in the price of capital, provided the output effect exceeds the substitution effect. D. increase in the price of the product labor is producing.
Economics
If C = $500, I = $150, G = $100, NX = $40, and GNP = $800, how much is NFP?
A) -$10 B) -$5 C) $5 D) $10
Economics
Economists assume that people are motivated by
A) a desire to please others. B) the interests of the community at large. C) self-interest. D) morally correct behavior.
Economics
Discuss the major programs to combat poverty and evaluate them on the basis of work incentives
Economics