A steep IS curve implies that
A) an increase in money supply will change output by a relatively small amount.
B) a decrease in taxes will change output by a relatively small amount.
C) changes in money supply will have large multiplier effects on output.
D) A and B.
A
Economics
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The consumption function shows the relationship between consumption and
a. interest rates b. saving c. price level changes d. GDP e. income
Economics
Find the size of the labor force from the following data: frictional unemployment = 150, structural unemployment = 200, cyclical unemployment = 225, discouraged workers = 25, underemployed workers = 75, fully employed workers = 850, total population = 2,000
a. 1,425 b. 1,450 c. 1,500 d. 1,525 e. 2,000
Economics