What would be the most likely effect on the price of tickets for the Rose Bowl football game if a wealthy alumnus agreed to pay all the travel and lodging expenses of the visiting players?
A) No effect.
B) The price would fall.
C) The price would rise.
D) We have no basis for predicting because college football is a non-profit enterprise.
A
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Which of the following is an example of a productivity shock?
A) The introduction of new management techniques B) A change in taxes on corporate profits C) A change in the level of government transfer programs D) An increase in the money supply
Most people who earn the minimum wage are poor
Indicate whether the statement is true or false
Monopolistically competitive industries have significant barriers to entry and exit
a. True b. False Indicate whether the statement is true or false
If a central bank announced that it was going to decrease inflation by 5%, people revised their inflation expectations downward by 4%, and the central bank only lowered inflation by 1%, the short run Phillips curve would shift
a. right and unemployment would rise. b. right and unemployment would fall. c. left and unemployment would rise. d. left and unemployment would fall.