Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies.
A. D; C
B. B; C
C. B; A
D. D; B
Answer: D
Economics
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Jack graduated from college last month, but he has not yet started looking for a job. Jack is
A. Structurally unemployed. B. Not part of the labor force and is not counted in the unemployment rate. C. A discouraged worker and is part of the unemployment statistic. D. Frictionally unemployed.
Economics
Explain why depository institutions receive a disproportionate amount of attention from government regulators (compared to most other industries).
What will be an ideal response?
Economics