Fred operates his own business, Fred would be counted as employed
a. in both the household and estblishment surveys
b. in the household but not the establishment survey.
c. in the establishment but not the household survey.
d. in neither the household nor the establishment survey.
b
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The United Auto Workers has fought for curbs on imports of foreign-made cars in order to cause
a. a rightward shift in the supply of U.S. cars b. a leftward shift in the supply of U.S. cars c. movement to the left along the supply curve for U.S. cars d. movement to the right along the supply curve for U.S. cars e. a rightward shift of the demand curve for U.S. cars
Use the aggregate expenditures model and assume the marginal propensity to consume (MPC) is 0.90 . A decrease in government spending of $1 billion would result in a decrease in GDP of:
a. $0. b. $0.9 billion. c. $1.0 billion. d. $9.0 billion. e. $10.0 billion.