An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.
A. decrease; increase
B. increase; increase
C. decrease; decrease
D. increase; decrease
Answer: D
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Suppose a monopsonist wants to hire more workers. If it has to pay the same wage to all of its workers, the:
a. marginal factor cost will fall while the wage will rise. b. wage will fall while the marginal factor cost will rise. c. difference between the wage and marginal factor cost will become smaller. d. difference between the wage and the labor supply curve will increase. e. wage and the marginal factor cost will increase.
Researchers have found numerous significant relationships between final prices agreed upon by bargainers and their personal characteristics such as education, income, and age
Indicate whether the statement is true or false
If the structural deficit is $750 billion and the cyclical deficit is $150 billion, it follows that the __________ is __________ billion
A) public debt; $900 B) total budget deficit; $600 C) total budget deficit; $900 D) net public debt; $600 E) none of the above
The price ceiling that was used to control the price of housing in New York City and other cities was called ____________ .
a. rent control b. rent abatement c. housing control d. equilibrium price