A decrease in government expenditures serves as an example of an adverse supply shock
a. True
b. False
Indicate whether the statement is true or false
False
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If the number of employed people is 150 million, the number of unemployed people is 50 million, and the working-age population equals 285 million people, the labor force participation rate is
A) 70.2 percent. B) 81 percent. C) 17.5 percent. D) 25 percent. E) 52.6 percent.
The smallest quantity of output at which long-run average cost is at a minimum is a firm's ________
A) maximum efficient scale B) profit-maximizing output point C) minimum efficient scale D) efficient output point
What economic impact would the closing of a nearby military base have on a town? Would people and businesses that did not directly deal with the military personnel be affected?
What will be an ideal response?
One significant criticism of the major proposition of supply-side economics during the period 1980-1988 was that:
A. The tight monetary policy of the Federal Reserve slowed the growth of the economy and caused a severe recession B. Major sectors of the economy failed to achieve optimal efficiency from increased regulation by government C. There was a significant increase in the rate of unemployment over the period D. Growth in the productive capacity of the economy did not exceed the historical pace