What is the largest reason for people being unemployed?
a. New entrants
b. Re-entrants
c. Job losers
d. Job leavers
c. Job losers
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The equation of exchange states that the quantity of money
A) multiplied by the velocity of circulation equals nominal GDP. B) divided by price level equals real GDP. C) multiplied by nominal GDP equals the price level. D) divided by nominal GDP equals real GDP.
The crowding out effect refers to a decrease in
A. Consumption or investment as a result of an increase in government borrowing. B. Consumption resulting from an increase in investment. C. Government spending resulting from a decrease in taxes. D. Investment resulting from an increase in consumption and a decrease in savings.
Hu earns $120,000 per year. He is charged a 20% tax on the first $80,000 he earns. He is charged a 30% tax for any income he earns between $80,000 and $200,000. If he were to earn an extra $5,000 this year, what would his marginal tax rate be?
a. 10% b. 20% c. 23% d. 30%
Externalities measure
A. Only costs of a market activity borne by a third party. B. Either costs or benefits of a market activity borne by a third party. C. Only benefits of a market activity borne by a third party. D. None of the choices are correct.