In the fooling model, suppose that from an initial AD/SAS/LAS equilibrium a sudden expansion of aggregate demand occurs. With fooling, we would find employment and the actual real wage in the labor market diagram by moving
A) "northeast" along the labor supply curve.
B) "northwest" along the labor demand curve.
C) "southeast" along the labor demand curve.
D) "southwest" along the labor supply curve.
C
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According to the textbook application, the EPA reported in 1993 that
a. secondhand smoke was a carcinogen b. secondhand smoke was prohibited from public places c. secondhand smoke did not pose a human health risk d. none of the above
________ is the market value of the final goods and services produced within the borders of a country during a particular period of time
A) Net Product Value B) Gross National Product C) Total Product D) Gross Domestic Product
If the price of a 32GB memory card decreases from $25 to $20, the percentage change is
A) -20 percent. B) -33 percent. C) -50 percent. D) -60 percent.
A profit center is
a. evaluated based on minimizing costs within the division b. evaluated based on maximizing costs within the division c. evaluated based on minimizing profits generated by the division d. evaluated based on maximizing profits generated by the division