When the U.S. cuts funding for border patrol, the labor market in California is affected. We would expect the:
A. supply of labor to shift to the right.
B. supply of labor to shift to the left.
C. demand for labor to shift to the right.
D. demand for labor to shift to the left.
A. supply of labor to shift to the right.
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Which of the following is NOT an entity of the Federal Reserve System?
A) Federal Reserve Banks B) the Comptroller of the Currency C) the Board of Governors D) the Federal Open Market Committee
What is the relationship between unemployment and the price level in the short run?
What will be an ideal response?
The above figure shows the payoff to two airlines, A and B, of serving a particular route. If the two airlines must decide simultaneously, how many Nash equilibria are there?
A) 0 B) 1 C) 2 D) It cannot be determined.
If the interest rate is 3 percent, to get back $500 in two years you would need to deposit ________ today.
A. $242.72. B. $471.30. C. $485.44. D. $494.00.