Assume the minimum wage exceeds the market-clearing wage. If there is an increase in the supply of labor then the number of workers who are unemployed will ________, and the number of workers who are employed will ________.

"Learning by doing" has the effect of causing:

A) a movement down the LRAC curve. B) a movement up the LRAC curve. C) the LRAC curve to shift up. D) the LRAC curve to shift down.

The automatic budget deficits and budget surpluses that occur in the federal budget over the business cycle

A) destabilize the economy. B) stabilize the economy. C) decrease potential GDP. D) increase potential GDP.