Which of the following is a trend in the U.S. labor force participation rate over the last 50 years?
a. The overall labor force participation rate has decreased.
b. The gender makeup of the labor force participation rate has stayed roughly the same.
c. The labor force participation rate for men has fallen.
d. The labor force participation rate for women has fallen.
c. The labor force participation rate for men has fallen.
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Suppose you transfer $2,000 from your mutual fund account to your checking account. What is the immediate impact of this transfer on M1 and M2?
What will be an ideal response?
If expected inflation falls, the long-run Phillips curve will
A) shift to the left. B) shift to the right. C) become negatively sloped. D) not be affected.
Briefly explain why people make choices
What will be an ideal response?
A decrease in the equilibrium quantity for a product will result
A) when the quantity demanded for the product exceeds the quantity supplied. B) when there is a decrease in supply and a decrease in demand for the product. C) when there is an increase in supply and a decrease in demand for the product. D) when there is a decrease in demand and an increase in the number of firms producing the product.