A fall in the price level changes the purchasing power of money. This is relevant to the __________ effect
A) international trade
B) real balance
C) aggregate demand
D) interest rate
E) aggregate supply
B
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An increase in the productivity of producing jeans results in
A) the quantity of jeans supplied increasing. B) the supply of jeans increasing. C) buyers demanding more jeans because they are now more efficiently produced. D) buyers demanding fewer jeans because their price will fall, which signals lower quality. E) some change, but the impact on the supply of jeans is impossible to predict.
Does a change in the real interest rate shift the supply of loanable funds curve? Explain your answer
What will be an ideal response?
The total social costs of production are:
a. private costs plus private benefits. b. private benefits minus private costs. c. private costs plus external costs d. private costs minus external costs.
(Consider This) Which of the following best explains why total compensation for U.S. workers has increased significantly over the past several decades, but take-home pay by U.S. workers has increased by much less?
A. An increased share of total compensation has gone to provide health insurance to workers. B. The share of total compensation going to retirement accounts has increased relative to all other components of compensation. C. Total compensation is measured in current dollar terms; take-home pay is measured in inflation-adjusted dollars. D. Workers are receiving a much larger share of total compensation in the form of goods and services produced by the firms that employ them.