If the quantity of labor Sam supplies to a job is zero over the realistic range of wages, Sam
a. is either unwilling or unable to perform the job
b. has not been hired to do the job
c. has not been hired to do the job at the going market wage rate
d. is unable to perform the job
e. is unwilling to perform the job
A
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How does an increase in government spending affect the aggregate expenditure line?
A) It shifts the aggregate expenditure line upward. B) It increases the slope of the aggregate expenditure line. C) It shifts the aggregate expenditure line downward. D) It decreases the slope of the aggregate expenditure line.
The government's role in a developing country is important during the country's development process because building social overhead capital
A. cannot be taken on by the private sector. B. can only be financed by the private sector. C. can only be achieved in a developing country. D. requires a joint venture between the public and private sectors.