In the above figure, without a minimum wage, the equilibrium quantity of labor employed ________ million hours, and the equilibrium wage rate is ________ per hour

GDP data alluding to the start of a recession in January 2015 was published and analyzed by the Fed in July 2015. The Fed then had to hold meetings to formulate a monetary policy to deal with the recession, and then enact the chosen policy

This exemplifies a(n) A) recognition lag. B) implementation lag. C) impact lag. D) liquidity lag.

An increase in the price of football tickets will cause the ________ for (of) basketball tickets (a substitute) to ________ .

A) demand; increase B) demand; decrease C) supply; decrease D) supply; increase