Unemployment benefits are
A. paid to individuals the entire time they are unemployed regardless of how long they are unemployed.
B. paid regardless of a person's income from other sources and regardless of assets.
C. not paid to individuals with assets valued over $200,000.
D. reduced by an amount that is equal to an individual's income from other sources.
Answer: B
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An increase in the interest rate is an increase in the opportunity cost of consuming in the future.
Answer the following statement true (T) or false (F)
Households are buyers in factor markets and sellers in goods markets
Indicate whether the statement is true or false
Suppose Carol's Candid Cameras wants to increase its total revenue. If the firm lowers the price of cameras by 2 percent, Carol must be predicting that the quantity
A) supplied will increase by more than 2 percent. B) demanded will increase by more than 2 percent. C) demanded will decrease by less than 2 percent. D) supply will decrease by less than 2 percent.
The 2009 fiscal stimulus package did not work ________
A) in that the IS curve did not shift to the right B) because most of the intended increase in government spending took too long to kick in C) because the increase in government spending was not enough to offset the decline in autonomous expenditure D) all of the above E) none of the above