By comparison to U.S. labor market policies, European labor market policies promote
A) greater unemployment and job security.
B) slower real wage growth and greater income inequality.
C) greater job opportunities for low-skill workers and greater bargaining power for workers.
D) higher real minimum wages and slower real wage growth.
A
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Assume that the supply curve for a commodity shifts to the right and the demand curve shifts to the left, both by the same degree. Then, in comparison to the initial equilibrium, the new equilibrium will be characterized by:
A) a lower price and quantity. B) a higher price and quantity. C) a lower price and the same quantity. D) a higher price and the same quantity.
Economic growth is represented by a rightward shift of the long-run aggregate supply curve (LRAS)
a. True b. False Indicate whether the statement is true or false