The economic benefit to immigrating workers is:
a. political freedom and ideological peace.
b. living in a nation where they do not have to pay taxes and receive many free social services.
c. the chance to be free from discrimination and poverty.
d. the present value of higher wages minus the value of the costs involved with the immigration process.
Ans: d. the present value of higher wages minus the value of the costs involved with the immigration process.
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The classical model predicts that, in the short-run, a tax cut financed by an increase in the money supply would
a. leave output and the price level unchanged. b. increase the price level but leave output unchanged. c. increase output but and reduce the price level. d. increase output and the price level by increasing aggregate demand. e. None of the above.
A macroeconomist would study
A) the price changes of smart phones. B) the cost problems at several airlines. C) the economy's unemployment level. D) none of the above.