JTPA and other mainstream training programs adequately served the neediest individuals
Indicate whether the statement is true or false
F
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A recessionary gap results when
A) aggregate demand is below the level consistent with full employment. B) aggregate demand is above the level consistent with full employment. C) aggregate supply and aggregate demand are not in short-run equilibrium. D) aggregate supply decreases.
Economists are skeptical that discrimination is employer driven because
a. discrimination cannot exist in markets. b. employers are not really interested in maximizing profit. c. employers typically base wages paid on the prevailing market wage. d. holding productivity constant, a profit-maximizing employer will hire the cheapest labor available.
Use the following general linear supply function:Qs = 40 + 6P - 8PI + 10F where Qs is the quantity supplied of the good, P is the price of the good, PI is the price of an input, and F is the number of firms producing the good. Suppose PI = $40 and F = 50, what is the lowest price that will induce firms to supply 400 units of output?
A. $25 B. $20 C. $30 D. $15 E. $35
During the Great Recession of 2007-2009, the investment demand curve shifted:
A. Left because of very low interest rates B. Right because of very low interest rates C. Left because of declines in expected returns D. Right because of reductions in tax rates