Russia, Australia, and France have adopted policies to encourage higher birthrates by:
A. Decreasing benefits for single workers
B. Penalizing firms with long work hours
C. Mandating longer holidays and vacations
D. Offering monetary awards for having a child
D. Offering monetary awards for having a child
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The supply-side effects of a change in taxes on labor income means that ________ in taxes on labor income shifts the ________
A) an increase; labor supply curve leftward B) a decrease; labor demand curve rightward C) an increase; labor supply curve rightward D) a decrease; labor demand curve leftward E) an increase; labor supply curve leftward and the labor demand curve rightward
A Nash equilibrium occurs when each player in a game takes the ________ given the action of the other player
A) worst possible action for himself or herself B) best possible action for himself or herself C) most unpredictable possible action D) most mutually beneficial possible action E) best possible action for the other player
The best argument against monetarists' arguments that steady money growth would prevent fluctuations in inflation and unemployment is that:
a. the government has best control over fiscal policy and should focus on that. b. large fluctuations in the money supply cannot occur because the supply of money is limited. c. steady money growth does not necessarily mean steady aggregate demand if velocity is not stable. d. steady growth in the money supply percents fluctuations in output only if aggregate prices are constant.
Moral hazard implies that
a. Insured individuals exercise less care because they have less incentive to do so b. Insured individuals exercise more care because they have less incentive to do so c. Insured individuals exercise more care because they have more incentive to do so d. Insured individuals exercise less care because they have more incentive to do so