Many business cycle theories are associated, by name, with individual economists who championed the ideas. For example, the housing cycle is also known as the

The Congressional Budget Office estimates that most of the increase in federal spending on Medicare and Medicaid will be due to

A) increases in immigration. B) the aging population. C) declining income levels. D) increases in the cost of providing health care.

Other things being equal, a decrease in the workplace amenities, such as decreased health care and less generous vacation options, would tend to shift the labor supply curve to the ____, thereby causing the market wages to ____

a. right; fall b. right; increase c. left; fall d. left; rise