The argument that raising the employment tax leads to more employment is most likely to hold if the
A) labor supply curve has the same slope as labor demand.
B) labor supply curve has a steep slope.
C) labor demand curve is vertical.
D) labor supply curve has a relatively flat slope.
D
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What does a study of immigration figures before 1921 indicate?
(a) An overwhelming majority of immigrants came from the British Isles. (b) Voluntary immigrations slowed as 1921 approached. (c) The diversification of immigrants increased since the colonial period of U.S. history. (d) It is not possible to link immigration patterns and growth in the U.S. economy.
Suppose statistical surveys indicate that new orders for manufactured goods and new building permits for single-family homes are declining and that business inventories are rising. This implies economic activity is slowing down and the economy is potentially entering a recessionary period
a. True b. False Indicate whether the statement is true or false