An increase in the U.S. price level will
a. increase the slope of the expenditure schedule.
b. decrease the slope of the expenditure schedule.
c. shift the expenditure schedule upward.
d. shift the expenditure schedule downward.
d
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Which of the following statements correctly identifies a similarity between monopoly and perfect competition?
A) Entry is restricted in both market structures.
B) Price equals marginal cost in both market structures.
C) Production is expanded until marginal revenue equals marginal cost in both the market structures.
D) Firms face an upward sloping demand curve and a downward sloping marginal revenue curve in both the market structures.
A means tested government program is one that:
A. is pilot tested to see if it works. B. provides assistance to those below a certain income level. C. is temporary and ends after a short period of time. D. All of these
Which of the following would decrease the unemployment rate?
A) an increase in the minimum wage B) an increase in the efficiency wage C) an increase in labor union membership D) government aid to retrain unemployed workers
Refer to the information provided in Figure 26.4 below to answer the question(s) that follow.
Figure 26.4Refer to Figure 26.4. Which of the following causes the economy to move from Point A to Point E?
A. an increase in the price level B. technological progress C. an influx of immigrants D. an oil embargo that increases the price of oil