Automatic stabilizers create ________ during recessions from increased government spending on welfare and unemployment insurance, and reduced tax revenues, and create _________ during peak growth periods of the economy from reduced government welfare spending and increased tax revenues

The above figure shows the market for finish carpenters in Bozeman. If there is a minimum wage set at $18, what is true?

A) The lowest wage for which someone is willing to work is $18 an hour. B) The quantity of jobs increases to 400. C) The lowest wage for which someone is willing to work is $20 an hour. D) 200 workers are employed. E) The quantity of jobs demanded is more than the quantity supplied.

If the interest rate is 5%, in one period the future value of $1 today is

A) $1.20. B) $1.05. C) 95 cents. D) 20 cents. E) 5 cents.