The supply and demand for saving are brought into equilibrium by adjustments of the ________ rate.
A. nominal interest
B. discount
C. real interest
D. dividend
Answer: C
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According to this Application, the prices which were tracked in the retail catalogs exemplified the macroeconomic concept of the short run, a period of time in which
A) prices change frequently because of changes in aggregate supply. B) prices don't change very much, implying that the aggregate supply curve is relatively flat. C) prices never change because the aggregate demand curve is vertical. D) price changes are significant because the aggregate supply curve is vertical.
Because workers in the United States work fewer hours per week, on average, than they did over 100 years ago
A) GDP is lower than it would be if U.S. workers worked the same workweek they had 100 years ago. B) workers in the United States are worse off than they were over 100 years ago. C) GDP is higher than it would be if U.S. workers worked the same workweek they had 100 years ago. D) workers in the United States earn less income than they did over 100 years ago.
The labor force participation rate is
a. the portion of the working-age population that is actively in the labor market b. the portion of the labor force that is employed c. the portion of the working-age population that is working d. the portion of the working-age population that would work if jobs were available e. none of the above
The supply curve for chicken will shift to the right, if production costs increase
a. True b. False Indicate whether the statement is true or false