When full employment is present in the United States, which of the following is true?
What will be an ideal response?
Approximately 95 percent of the labor force will be employed.
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Expectations about future profitability
A) only affect the level of investment and GDP in the future. B) only affect the level of investment in the future, but can affect the level of GDP in the present. C) can affect the level of investment and GDP in the present. D) only affect the level of GDP in the future, but can affect the level of investment in the present.
Suppose that the equilibrium interest rate is 8 percent, but the actual interest rate is 5 percent. Very quickly,
a. bond prices fall b. bond prices will rise c. the interest rate will begin to fluctuate until bondholders reduce their demand for money d. the primary bond market will start its adjustment process e. the supply and demand for money will both increase
The purpose of the Clean Air Act (1970) was to:
A. control negative externalities. B. improve competition across international markets. C. reduce market power. D. help make information easily obtainable for producers and consumers.
If a firm decreases production, then its:
A. fixed costs decrease. B. total costs stay the same. C. variable costs decrease. D. None of these is true.