What factors can cause the labor demand curve to shift?
Some factors that may cause the labor demand curve to shift include changes in market demand, changes in labor productivity, changes in price of labor substitutes, and changes in the non-wage costs of labor.
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Starting from long-run equilibrium, a decrease in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. higher; potential D. lower; higher
The equilibrium level of real GDP is $1,000 . the target full-employment level of real GDP is $1,500, and the marginal propensity to consume is 0.75 . The target can be reached if government spending is:
a. increased by $100 billion. b. increased by $125 billion. c. increased by $500 billion. d. held constant.
The total sum of squares is 400 and the sum of squares errors is 100, what is the coefficient of determination?
A) 25 B) 0.75 C) 1.00 D) 0
Suppose that in the absence of trade, the U.S. price for peas was lower than the world price for peas. Would allowing international trade mean that the United States would import or export peas? Who in the United States would benefit and who would lose with a free trade policy, and would the gains be greater than the losses?