The 2001 terrorist attack reduced U.S. aggregate supply in part because it led to
A. lower oil prices.
B. more powerful labor unions in private industry.
C. higher insurance premiums.
D. a decline in consumer confidence.
Answer: C
Economics
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A) W1 B) W2 C) W3 D) W2 - W1
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The formula for the multiplier is (1 - MPC)
Indicate whether the statement is true or false
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Name two factors that will increase the demand for labor, and two factors that will increase the supply of labor.
What will be an ideal response?
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The slope of a nonlinear curve
A. is constant. B. is always equal to 1. C. changes along the various points of the curve. D. is always negative.
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