If the Ricardian equivalence proposition is correct, then
A) deficits harm future generations.
B) deficits reduce investment spending.
C) deficits stimulate the economy in the short run.
D) all of the above
E) none of the above
E
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Output supply is more responsive to price in the short run than in the long run. ?
Answer the following statement true (T) or false (F)
Differences in what can explain the wage gap between U.S.-born and foreign-born workers?
(a) Culture (b) Schooling (c) Urbanization (d) All of the above
Temporary or permanent workers hired to replace striking union workers are known as
A) strikebreakers. B) backbreakers. C) rationers. D) strikeaiders.
Which of the following is NOT a reason social returns might be greater than private returns?
A) Excess competition between firms B) Knowledge spillovers C) Spillovers from research and development D) Capital market imperfections