Which of the following would raise the price level in both the short and long run?
a. an increase in taxes
b. an increase in government expenditures
c. a decrease in the minimum wage
d. an increase in the capital stock
b
Economics
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Refer to Table 4-7. If a minimum wage of $12.50 is mandated there will be a
A) shortage of 40,000 units of labor. B) surplus of 80,000 units of labor. C) shortage of 80,000 units of labor. D) surplus of 40,000 units of labor.
Economics
Which statement is true?
A. Both unemployment compensation and personal savings are automatic stabilizers. B. Neither unemployment compensation nor personal savings are automatic stabilizers. C. Only unemployment compensation is an automatic stabilizer. D. Only personal savings is an automatic stabilizer.
Economics