If, after hiring the 6th worker, a firm's output falls, then the marginal product of the 6th worker is negative
Indicate whether the statement is true or false
TRUE
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What are the macroeconomic consequences of a budget deficit when the economy is operating at full employment? Be sure to discuss the effects in the short-run and in the long-run
What will be an ideal response?
Refer to Figure 16-6. If Sensei acts as a monopolist and charges the profit-maximizing price, what is his producer surplus?
A) the area A + C + H B) the area A + B + C + D + H + G C) the area B + D + G D) the area C + D + H + G
Prudential regulation ________
A) requires that banks maintain the confidentiality of loan applications B) is administered by a specific insurance company C) is necessitated by the government's safety net for the banking system D) is an effective substitute for prudential supervision
"Full employment":
a. Means that everyone who is searching for a job has one. b. Occurs when there is 0% unemployment. c. Occurs when the labor force participation rate equals the employment rate. d. Occurs when there is 0% cyclical unemployment.