Which of the following goods would most likely be an inferior good?

Refer to Figure 15-7. Suppose the economy is in a recession and the Fed pursues an expansionary monetary policy. Using the static AD-AS model in the figure above, this would be depicted as a movement from

A) A to E. B) A to B. C) B to C. D) C to B. E) C to D.

Suppose the labor-force participation rate of men is greater in Troy than in Sparta. This could be because the men of Troy

a. spend more time in school and have earlier and longer retirements than men in Sparta. b. spend more time in school and have later and shorter retirements than men in Sparta. c. spend less time in school and have earlier and longer retirements than men in Sparta. d. spend less time in school and have later and shorter retirements than men in Sparta.