Suppose that a male police officer earns more than a female administrative assistant, but they both have the same amount of education. The difference in wages:
A. can be attributable to the increased danger of being a police officer.
B. must be due to discrimination against women among police departments.
C. will disappear once the labor market has reached equilibrium.
D. is a violation of anti-discrimination laws.
Answer: A
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If the marginal propensity to consume (MPC) is 0.75, the value of the spending multiplier is:
a. 0. b. 1. c. 4. d. 5.
If the Federal Reserve unexpectedly increases the money supply, which of the following will most likely happen in the short run?
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Suppose goods A and B are complements. If the price of good A increases, will the demand for good B increase or decrease?