If a policy is implemented that reduces unemployment benefits by 50 percent and reduces by 50 percent the time the unemployed can collect these benefits, then this would most likely shift the

GDP using the expenditure approach equals the sum of personal consumption expenditures plus

A) gross private investment. B) gross private investment plus government expenditure on goods and services. C) gross private investment plus government expenditure on goods and services minus imports of goods and services. D) gross private investment plus government expenditure on goods and services plus net exports of goods and services.

In comparison to an employer in a competitive labor market, a monopsony employer pays a ________ wage rate and hires ________ workers

A) lower; fewer B) lower; more C) higher; more D) higher; fewer