A newspaper headline announces that "more college graduates than ever are in the labor force." This is an example of

a. microeconomic analysis
b. an abstraction
c. a value judgment
d. a positive statement
e. macroeconomic analysis

D

Economics

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The "accelerator hypothesis" of investment states that a firm's net investment is most closely related to the

A) level of its actual sales. B) change in its actual sales. C) level of its expected sales. D) change in its expected sales.

Economics

If you were to face a marginal tax rate of 15 percent, how much would your tax bill increase when your income increased by $2,000?

A) $30 B) $300 C) $450 D) $600

Economics