In the last two decades, income inequality has increased in China
a. True
b. False
Indicate whether the statement is true or false
True
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Supply-side economics is based on the theory that:
a. budget deficits will stimulate demand, output, and employment. b. budget deficits will lead to higher interest rates, which will weaken their expansionary impact. c. higher tax rates will increase tax revenues. d. increases in aggregate supply lower the price level.
Although the U.S. economy stabilized and GDP increased as a result of the programs created by President Roosevelt during the First Hundred Days, unemployment remained high, prompting Roosevelt to create the civil works administration, works progress administration, which employed millions of americans as part of what overall domestic program?
If Moe’s has four workers, and Moe wants to improve his marginal product of labor, he should ______.
a. find higher quality workers
b. reduce the number of workers
c. pay his staff less
d. charge more for his bagels
In long-run equilibrium, the perfectly competitive firm will
A) go out of business. B) produce to the point at which marginal cost is at its minimum. C) produce to the point at which marginal cost equals average total cost. D) produce on the upward sloping portion of its ATC curve.