In the United States, which workers displaced by trade are able to adjust the easiest?
a. those in the service industries
b. those in the manufacturing industries
c. Evidence indicates that there is no difference across industries.
d. There is no available evidence on this topic.
Ans: a. those in the service industries
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Refer to Table 26-1. The hypothetical information in the table shows what the values for real GDP and the price level will be in 2017 if the Fed does not use monetary policy
Which of the following policies makes sense if the Fed wants to keep real GDP at its potential level in 2017? A) The Fed should lower the target for the federal funds rate. B) The Fed should pursue contractionary policy. C) The trading desk should sell Treasury securities. D) The Fed should lower capital gains taxes.
In the short run where total variable cost is ________ at a(n) ________ rate, marginal cost is positive and decreasing.
A. increasing; decreasing B. decreasing; decreasing C. decreasing; increasing D. increasing; increasing
In the figure above, when the market is unregulated and in equilibrium, the deadweight loss is ________ thousand per month
A) $250 B) $125 C) $150 D) $50 E) zero
A tax that causes the price that producers receive for a commodity to deviate from the buyer's price is
A. an unit tax. B. a compensated tax. C. an income tax. D. a price-distorting tax.