If the Fed engages in open market sales in direct response to an increase in the rate of inflation, this is known as
A) direct policy making.
B) active policy making.
C) passive policy making.
D) fiscal policy making.
B
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Refer to the table above. By what percentage did the federal minimum wage increase from 1974 to 2011?
A) 72.41 percent B) 262.5 percent C) 362.5 percent D) 525.0 percent
A major computer software company maintains a technical support center in a rural area and is the only employer in this region. Suppose the local labor supply curve shifts leftward due to net migration of workers from the area
What happens to the equilibrium outcome in this labor market? A) Labor demand shifts rightward, equilibrium wage and employment levels decline B) Labor demand shifts rightward, equilibrium wage and employment levels increase C) Labor demand curve remains the same, equilibrium wage and employment levels increase D) Labor demand curve remains the same, equilibrium wage increases, and employment declines