Which of the following would shift the supply curve for smartphones to the right?
A) an increase in the price of a substitute in production
B) an increase in consumer income (assuming that all smartphones are normal goods)
C) a decrease in the number of firms that produce smartphones
D) a decrease in the price of an input used to produce smartphones
Answer: D
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Which of the following individuals will the Bureau of Labor Statistics not count as unemployed?
A) Those who are not eligible for unemployment compensation because they have not worked in covered employment. B) Those who have turned down job offers comparable to the most recent one they held. C) Those who have used up their unemployment compensation benefits. D) Those who live in a household where at least one other person is employed full time. E) None of the above prevents an individual from being counted as unemployed.
The U.S. government can play an important role in establishing the credibility of anti-inflation policy by
A) demonstrating fiscal responsibility. B) monitoring the Fed. C) conducting fiscal policy. D) all of the above.