Microeconomics

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The natural rate of unemployment is: a. equal to the seasonal unemployment. b. usually equal to 3 ... Started by humphriesbr@me.com	1 Replies 88 Views	Jun 30, 2018 by CharlieArnold
Gross domestic product (GDP) is not a perfect measure of welfare because it: a. treats a dollar ... Started by ericka1	1 Replies 77 Views	Jun 30, 2018 by Jbrasil
The marginal factor cost for a monopsonist is: a. equal to the market wage rate. b. above the ... Started by ec501234	1 Replies 72 Views	Jun 30, 2018 by phuda
If policy makers think the natural rate of unemployment is lower than it really is, then their ... Started by bobbie	3 Replies 54 Views	Jun 30, 2018 by Mollythedog
When Harlan County, Kentucky, has a monopsony coal mining firm, a. d and e. b. workers will work ... Started by OSWALD	1 Replies 59 Views	Jun 30, 2018 by abro1885
The national income accounting system measures economic activity based on the concept of _____. a. ... Started by ss2343	1 Replies 96 Views	Jun 30, 2018 by Liddy
Given the desire of politicians to get reelected, they might try in the short run to use _____. a. ... Started by bobypop	1 Replies 44 Views	Jun 30, 2018 by amynguyen1221
Nominal gross domestic product (GDP) is measured in terms of the _____. a. current-year prices b. ... Started by ec501234	1 Replies 81 Views	Jun 30, 2018 by debra928
Suppose a monopsonist wants to hire more workers. If it has to pay the same wage to all of its ... Started by tnt_battle	1 Replies 101 Views	Jun 30, 2018 by flexer1n1
Political business cycles result: a. from the economic fluctuations that occur when discretionary ... Started by jon_i	1 Replies 86 Views	Jun 30, 2018 by adf223
The price index in the base year always equals_____. a. 0 b. 10 c. 100 d. 1 e. ... Started by mynx	1 Replies 88 Views	Jun 30, 2018 by kaillie
If the price index is 100 this year, then: a. there has been no inflation during the year. b. the ... Started by kshipps	3 Replies 77 Views	Jun 30, 2018 by hanadaa
A temporary tax cut is not likely to be effective in stimulating aggregate demand if: a. the tax ... Started by cdr_15	1 Replies 78 Views	Jun 30, 2018 by atrochim
If 2008 is the base year and the price index in 2009 is 109, prices in 2009 are _____ than prices in ... Started by nummyann	1 Replies 139 Views	Jun 30, 2018 by Expo
In a labor market with one employer, the MFC is: a. above the labor supply curve. b. above the ... Started by jrubin	1 Replies 119 Views	Jun 30, 2018 by Pariscourtney
People will be likely to spend a higher percentage of any additional income when _____. a. they ... Started by OSWALD	1 Replies 139 Views	Jun 30, 2018 by Kingjoffery
The GDP price index: a. measures the average price of final goods and services produced in an ... Started by rmenurse	1 Replies 99 Views	Jun 30, 2018 by wfdfwc23
Economists define a labor market with only one buyer to be: a. a monopoly. b. an oligopoly. c. a ... Started by corkyiscool3328	1 Replies 80 Views	Jun 30, 2018 by Jayson
Suppose the government increases unemployment benefits, which are paid for with higher taxes on ... Started by bio_gurl	1 Replies 94 Views	Jun 30, 2018 by kilada
If a town has a monopsony, this means: a. there is only one employer. b. price discrimination ... Started by luvbio	3 Replies 159 Views	Jun 30, 2018 by dpost18
The labor supply curve facing a monopsonist is: a. downward sloping. b. upward sloping. c. a ... Started by colton	1 Replies 113 Views	Jun 30, 2018 by cloud
Fiscal policy under the Reagan administration was intended to: a. stimulate the economy by ... Started by Medesa	1 Replies 86 Views	Jun 30, 2018 by Juro
If the consumer price index (CPI) this year is 162 and last year it was 170, the inflation rate a. ... Started by naturalchemist	1 Replies 197 Views	Jun 30, 2018 by chinwesucks
In order to convert nominal gross domestic product (GDP) to real gross domestic product (GDP), we ... Started by james0929	1 Replies 137 Views	Jun 30, 2018 by dellikani2015
Large federal budget deficits: a. can best be reduced by automatic stabilizers. b. make it ... Started by stock	1 Replies 88 Views	Jun 30, 2018 by kusterl