The social insurance system generally redistributes income from
a. rich to poor and from old to young
b. rich to poor and from young to old
c. poor to rich and from old to young
d. poor to rich and from young to old
e. consumers to producers
B
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If the money wage rate and other resource prices do not change when the price level rises by 10 percent, ________
A) the long-run aggregate supply curve shifts leftward B) the short-run aggregate supply curve shifts leftward C) the long-run aggregate supply curve shifts rightward D) there is movement along the short-run aggregate supply curve
The change in total output when one additional unit of labor is hired is known as the
a. capacity utilization rate b. average product of labor c. marginal product of labor d. total product of labor e. marginal output of labor
According to Keynesian economists, monetary policy is __________ effective at changing the price level and Real GDP
A) always B) sometimes C) never D) There is no Keynesian position with respect to monetary policy.
The act of offering two or more products for sale as a set is called
A. bundling. B. tie-in sales. C. branding. D. versioning.