A decrease in labor productivity will increase marginal cost
Indicate whether the statement is true or false
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If the Fed reduces the money supply, there will be a decline in
a. government purchases b. unemployment c. purchases of consumer durables d. demand for bonds e. deflationary pressures
Government payment of a per-unit subsidy for health care services causes
A. a reduction in the price that health care service providers receive for each unit of care provided. B. an increase in the quantity of health care services demanded above the quantity demanded in the absence of the subsidy. C. the health care market supply curve to shift upward. D. the health care market demand curve to shift downward.
Why do cartels often break down?
What will be an ideal response?
If the price level increases more rapidly than expected, _____
a. output will decrease b. output will increase c. output will not change d. real wages will increase e. unemployment will increase