List the four ways to explain unemployment in the long run
job search, minimum-wage laws, unions, and efficiency wages
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What is a mortgage? What were the important developments in the mortgage market during the years after 1970?
What will be an ideal response?
An increase in first-period income results in
A) an increase in first-period consumption, an increase in second-period consumption, and an increase in saving. B) an increase in first-period consumption, a decrease in second-period consumption, and an increase in saving. C) a decrease in first-period consumption, an increase in second-period consumption, and an increase in saving. D) an increase in first-period consumption, an increase in second-period consumption, and a decrease in saving.
Use the following table to answer the next question. All figures below are in billions of dollars.Domestic Output or Income (RGDP = DI)Consumption$240$244250250260256270262280268290274300280310286320292If gross investment is $12 billion, the equilibrium level of real GDP will be
A. $270 billion. B. $280 billion. C. $260 billion. D. $290 billion.
Transfer programs are so named because they transfer:
a. the burden of poverty alleviation from the church to the state. b. the poverty from the country side to the city. c. the responsibility for maintaining minimum standards of living from the federal government to state governments. d. income from the relatively high-income people to relatively low-income people. e. the incidence of poverty from predominantly ethnic groups to the majority white population.