The U.S. economy in the 1990s benefited from an aggregate supply curve shifting outward
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
The most common type of investment in human capital is
A) having more children per family. B) the migration of labor in search of better jobs. C) expanded years of schooling. D) improved health care and maintenance.
Which of the following is an example of cyclical unemployment?
A. Marsha was laid off from her job with the airline because the recession reduced demand for airline travel. She expects to get her job back when the economy picks up. B. Jim had a job as an engineer, but quit when his wife was transferred to another state. He looked for a month before finding a new job that he liked. C. George is an unskilled worker who mows lawns in the summer, but is unemployed the rest of the year. D. Dora lost her job when the textile factory closed. She does not have skills to work in another industry and has been unemployed for over a year.
A Lorenz curve that is perfectly straight indicates
A. complete income equality. B. that a large portion of the population accounts for most of the income. C. that a small portion of the population accounts for most of the income. D. that society is very rich.
There is only one firm in the market. The economist analyzing that market has said she would expect the price to equal the firm's average total costs.
A. She must be analyzing this market using a game theory model. B. She must be analyzing this market using a contestable market model. C. She must be analyzing this market using a cartel model. D. She must not be an economist, because that answer is clearly wrong.