With the understanding that people respond to incentives, outline the possible outcome for teachers if the K-12 school year is extended to 11 months per year instead of the existing 9 months per year
The concept of working longer per year would be perceived by many teachers as a definite increase in the cost of teaching. Even with additional compensation, many teachers look at summers off as a major benefit of the education profession. If this benefit were eliminated or diminished, some teachers may perceive that the marginal cost of teaching would now be greater than the marginal benefit and would choose to leave teaching.
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Which of the following is most likely to reduce an individual's current spending?
A) Paying back a loan in the future B) Depositing money in a bank today C) Borrowing money today D) Withdrawing money in the future
When the Fed raises the discount rate, all of the following result except
A. It sends a signal that it is reluctant to lend reserves. B. It expands the lending capacity of the banking system. C. It sends a signal that it is moving toward a slower growth rate for the money supply. D. The cost of borrowing reserves for member banks increases.