Which of the following economies has the highest ratio of Social Security benefits to GDP in 2006?
a. Germany
b. Netherlands
c. Canada
d. France
e. United States
A
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Refer to the above figure. Suppose the economy's initial equilibrium is represented by the intersection of LRAS1 and AD1
Suppose there is a persistent reduction in labor force participation, which reduces total planned production at any given price level. The resulting change in the economy's long-run equilibrium position would be represented by a A) movement from B to C. B) movement from C to A. C) movement from A to B. D) movement from A to C.
Jim is planning on attending a football game. He spent $40 on the ticket. He will have to take the day off losing 8 hours of work. His hourly wage is $10 . He estimates it will cost him around $20 for gas and parking at the game. Jim's total economic cost of attending the game equals
a. $80 b. $40 c. $60 d. $140
The ________ the reserve ratio, the ________ the money multiplier.
A) smaller; larger B) smaller; smaller C) larger; larger D) None of the above are correct
Disequilibrium occurs due to the absence of government intervention in certain markets
Indicate whether the statement is true false.