Which of the following is considered out of the labor force?
A) the unemployed
B) those temporarily laid off who will soon be recalled
C) those who worked full time, but in a family business
D) those individuals who have started searching for employment for the first time
E) none of the above
E
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While the classical economists believe that the only demand for money is the transactions demand, the Keynesians believe that there is also a
a. precautionary demand and a speculative demand for money b. precautionary demand and a velocity demand for money c. speculative demand and a velocity demand for money d. speculative demand and a quantity demand for money e. precautionary demand and a spending demand for money
Which of the following theorists believe a decrease in marginal tax rates will increase the incentives to work and invest?
A. Supply-Side Economists B. Phillips Curve advocates. C. Monetarists. D. Keynesians.