When a unit tax is placed on demanders ____
a. it will be paid entirely by demanders if the demand curve is elastic
b. it will have the same effect as a similar unit tax placed on suppliers
c. they will pay a larger share than if it was initially placed on suppliers
d. they will pay a smaller share than if it was initially placed on suppliers
b
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If real GDP is greater than nominal GDP then the GDP price index
A) is greater than 100. B) is less than 100. C) is equal to 100. D) is either equal to or greater than 100. E) None of the above answers is correct because we need to choose a new base year.
Which of the factors would decrease the rate of frictional unemployment?
a. an increase in the number of jobs available due to an increase in GDP b. increased short-term unemployment benefits c. improvements in technology that make skills which were once valued by employers obsolete d. the advent of the Internet, which makes finding available jobs easier