a change in the full-employment quantity of labor ________ the short-run aggregate supply curve and
What will be an ideal response?
shifts and shifts
You might also like to view...
A change in the multiplier (k) will change the
A) slope of the IS curve. B) slope and the position of the IS curve. C) slope of the LM curve. D) position of the LM curve.
Welfare economics explains which of the following in the market for televisions?
a. The government sets the price of televisions; firms respond to the price by producing a specific level of output. b. The government sets the quantity of televisions; firms respond to the quantity by charging a specific price. c. The market equilibrium price for televisions maximizes the total welfare of television buyers and sellers. d. The market equilibrium price for televisions maximizes consumer welfare and minimizes producer profit.
Korie wants to start her own business making custom furniture. She can purchase a factory that costs $400,000 . Korie currently has $500,000 in the bank earning 3 percent interest per year. Suppose Korie purchases the factory using $200,000 of her own money and $200,000 borrowed from a bank at an interest rate of 6 percent. What is Korie's annual opportunity cost of purchasing the factory?
a. $3,000 b. $6,000 c. $15,000 d. $18,000
A call option is a contract
A) that gives the owner the right, but not the obligation, to buy shares of a stock at a specified price within the time limits of the contract. B) that gives the owner the right, but not the obligation, to sell shares of a stock at a specified price within the time limits of the contract. C) in which the seller agrees to provide a particular good to the buyer on a specified future date at an agreed-upon price. D) that gives the owner the right, but not the obligation, to buy or sell shares of a stock at a specified price within the time limits of the contract.