Special-interest programs are highly attractive to vote-seeking politicians because
What will be an ideal response?
members of special interest groups favoring these programs feel strongly about them while most other voters are rationally uninformed about them.
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The Great Recession of 2007-09 illustrated the situation where a negative demand shock occurred and:
A. Prices adjusted but the output level was inflexible B. The economy's overall price level was very flexible C. The economy's overall price level was "sticky" D. Prices and production were both "sticky" or inflexible
Who from among the following would be classified as out of the labor force?
A. Jack Little, a 21 year old new college graduate actively looking for his first job B. Amanda Pie, a full-time homemaker C. Brenda Smith, an 18 year old college student employed part-time at a fast food restaurant D. Mario Faubert, a NHL hockey player at home sick with the flu