Consumers will ________ interest-sensitive consumption spending, when interest rates are higher
Fill in the blank(s) with the appropriate word(s).
decrease
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George loses his job. The BLS will consider him unemployed
A) immediately. B) only after his severance pay runs out. C) only after he begins to actively seek another job. D) even if he accepts a cheaper part-time job.
Which of the following is true?
a. Patents reduce a firm's incentive to develop new products. b. Patents are given for new works of art or literature. c. Patents give a permanent exclusive right to produce a new good. d. Patents give a temporary exclusive right to produce a new good. e. Patents guarantee economic profits.
The ownership of human capital
a. is typically embodied in related physical capital. b. may be subject to government restrictions on transferability. c. is not easily transferable. d. All of the above are correct.
Which of the following activities would be included in GDP?
A. Your roommate pays you $40 to clean the house. B. Your parents send you $40 to hire a house cleaner, and you clean the house and keep the $40 yourself. C. You hire a cleaning service at $40 to clean your house. D. All of these would be included in GDP, since there was a monetary exchange.