A decrease in disposable income will shift the aggregate demand curve to the left
Indicate whether the statement is true or false
TRUE
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Refer to Figure 15-16. Suppose the government regulates this industry in order to remove the inefficiency implied by the behavior of the profit-maximizing owners
If regulators require that the firm produces the economically efficient output level, what is this level and what price will be charged? A) Q3 units; P3 B) Q1 units; P1 C) Q1 units; P4 D) Q4 units; P6
Changes in all of the following shift the IS curve except
a. the MPC. b. income. c. taxes. d. consumer confidence. e. all of the above shift IS curve.
The supply of labor does not depend upon
a. the demand for labor b. the amount of wealth held by workers c. the size of the population d. alternative employment opportunities e. the location of the work place
The first antitrust legislation was the:
A. Sherman Act. B. Clayton Act. C. Federal Trade Commission Act. D. Robinson-Patman Act.