College graduates looking for jobs were less fortunate in 2010 than graduates in 2018.
Answer the following statement true (T) or false (F)
True
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A variable is a factor that:
A) cannot be measured. B) is not affected by changes in other factors. C) is independent and cannot be determined. D) takes different values at different points of time.
Rational expectations theory is based on the assumption that when individuals in the economy are forming expectations, they
A) use all available information. B) use past evidence only. C) consistently make the same errors. D) pay no attention to past information.
Static tax analysis assumes that
A. an increase in a tax rate will lead to an increase in the tax base. B. an increase in a tax rate will leave the tax base unchanged. C. the tax base will always remain unchanged. D. an increase in a tax rate may lead to a decrease in the tax base.
What are the three forces that cause the aggregate demand curve to slope down? Explain
What will be an ideal response?