Which of the following affects a person's decision to work?
A. the price of consumption goods relative to the wage
B. how much the person enjoys working
C. the person's income from nonlabor sources
D. the amount of fringe benefits offered to the person
E. All of the above affect a person's decision to work.
Answer: E
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So we can see that an increase in government spending will raise the level of economic equilibrium, while a decrease in government spending will lower it
What will be an ideal response?
Which of the following is true of the wage gap between the top 10% of earners and the bottom 10% of earners in the U.S. economy?
A) The wage gap has increased over time. B) The wage gap has decreased over time. C) The wage gap has remained the same over time. D) There is hardly any wage gap between the top 10% of earners and the bottom 10% of earners in the U.S. economy.