A simple macroeconomic model might explain how an increase in the demand for new housing would lead to a decrease in the rate of unemployment. In such a model, which of these variables is likely to be exogenous?
A) the quantity sold of home furnishings
B) the degree of unionization of the construction industry
C) the wage rate for unskilled workers
D) the level of tax revenues
E) the demand for concrete
B
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Mark Zuckerberg believes everyone in the world should have Internet access
A) This is a positive statement and is not in the social interest if the marginal benefit of Internet access exceeds the marginal cost. B) This is a positive statement and is not in the social interest if the marginal cost of Internet access exceeds the marginal benefit. C) This is a normative statement and is not in the social interest if the marginal benefit of Internet access exceeds the marginal cost. D) This is a normative statement and is not in the social interest if the marginal cost of Internet access exceeds the marginal benefit.
Increases in ________ typically lead to decreases in private saving
A) the interest rate B) disposable income C) autonomous consumption D) all of the above E) none of the above