Assume that there is a supply and demand market for non-preferred workers. If prejudice against these workers among employers decreases, then there will be a(n):
A. Increased supply of these workers, a rise in their wage rate, and a decrease in their employment
B. Increased demand for these workers, a rise in their wage rate, and an increase in their employment
C. Decreased supply of these workers, a fall in their wage rate, and a decrease in their employment
D. Decreased demand for these workers, a fall in their wage rate, and a decrease in their employment
B. Increased demand for these workers, a rise in their wage rate, and an increase in their employment
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Consider a closed economy without a government and without international trade. What will be TRUE when this economy is in equilibrium?
A) Planned real consumption spending equals real GDP. B) Total planned real investment spending will exceed total planned real expenditures. C) Planned real consumption spending plus planned real investment spending equals real GDP. D) Planned real investment spending will exceed real planned saving.
Which of the following groups oversees and administers the Federal Reserve System?
a. The House of Representatives. b. The President's Council of Economic Advisors. c. The U.S. Treasury Department. d. None of these, the Fed is an independent agency.