Following the completion of a basic academy, most departments assign their new officers to which training?
A) in-service training
B) technical training
C) Field Training Officer (FTO) program
D) roll-call training
C) Field Training Officer (FTO) program
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The long-run aggregate supply curve will shift outward to the right when
A) the price level decreases. B) the real-balance effect increases. C) there is economic growth. D) the amount of labor decreases.
When the marginal product of labor is below the average product of labor, the average product must increase when employment increases
Indicate whether the statement is true or false
If the central bank targets the money stock, then a negative shock to money demand will
a. shift the LM schedule to the right and income will rise above the target level. b. shift the LM schedule up and income will fall below the target level. c. not shift the LM schedule and, therefore, will not displace income from the target level. d. None of the above
A tax placed on imports is known as
A) voluntary restraint agreement. B) tariff. C) quota. D) infant industry.