An increase in the education level inside a nation would cause the:
A. long-run aggregate supply curve to shift to the right.
B. long-run aggregate supply curve to shift to the left.
C. short-run aggregate supply curve to shift to the left.
D. aggregate demand curve to shift to the right.
A. long-run aggregate supply curve to shift to the right.
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If the price of milk was $2.50 a gallon and it is now $3.25 a gallon, what is the percentage change in price?
A) 13 percent B) 30 percent C) 75 percent D) 77 percent
The current account in a balance of payments records
a. all money flows among countries b. exports and imports of goods and services c. only the international transactions involving capital goods d. only the international transactions involving consumer goods e. only exports and imports purchased on credit
The goal of the consumer is to
a. maximize utility. b. minimize expenses. c. spend more income in the current time period than in the future. d. All of the above are the goals of the consumer.
Rising per-unit production costs are most directly associated with:
A. frictional unemployment. B. structural unemployment. C. demand-pull inflation. D. cost-push inflation.