The BLS monthly household survey involves about __________ households in the United States
A) 6,000
B) 60,000
C) 600,000
D) 6,000,000
B
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While much of New Classical macroeconomics is being refuted by the evidence, at least one part of it may be a permanent legacy to all economists. It is the insistence on a certain aspect of macroeconomic policy:
A) It has as much impact on SAS as on AD. B) It has its impact on nominal and not real variables. C) People will try to anticipate it and then act accordingly. D) It has no impact on SAS or AD, but does affect LAS.
The labor market demand curve
A) is the summation of the labor demand curve for each output market. B) is identical to the average firm labor demand curve. C) is the sum of the wages paid for each unit of labor of the individual firms labor demands. D) is always upward sloping for competitive labor markets.