Jack just received a promotion at work and now works 50 hours per week instead of 35. As a result,
A) the unemployment rate increased.
B) the labor force participation rate increased.
C) the unemployment rate decreased.
D) neither the unemployment rate nor the labor force participation rate changed.
D
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Moving downward along a linear (straight-line) downward sloping demand curve, the
A) slope is constant. B) price is constant. C) quantity is constant. D) elasticity is constant. E) None of the above answers is correct.
Which of the following is NOT an example of transactions costs?
A) high interest rates B) lawyers' fees C) brokerage commissions D) minimum investment requirements
The demand curve for Widgets is given by
QD = 5800 - 200p + 30pG where QD is the quantity of widgets demanded, y is the per capita income and pG is the price of Gizmos. The supply of Widgets is given by: QS = 250p - 1250 a. Solve for the equilibrium price and quantity of widgets in terms of the price of Gizmos. b. Compute the comparative static derivatives for the changes in the equilibrium price and quantity of Widgets with respect to a change in the price of Gizmos.
Which is the most comprehensive description of the supply of money in the Irish economy?
(a) Euro notes and coins issued by the Irish Central Bank; (b) Money created by the commercial banks; (c) Euro notes/coins and bank deposits; (d) All items of legal tender plus Euro in circulation.