Suppose net exports were zero. How would this change the macroeconomic equilibrium point?
a. It would shift left on the top line.
b. It would shift right on the top line.
c. It would move to the intersection of C + I + G and the vertical line.
d. It would move to the intersection of C and the vertical line.
c. It would move to the intersection of C + I + G and the vertical line.
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Environmentalists tend to prefer pollution taxes to marketable permits because the taxes impose specific limits on the quantity of pollution
a. True b. False Indicate whether the statement is true or false
When people speak of the labor force participation rate, they are actually talking about the percentage of
a. people not working but actively seeking work. b. people who are working. c. new entrants into the labor force. d. working-age people who are either working or seeking work.