Use the graph below to answer the next question.
Other things equal, an increase the wages of nurses in the United States would:
A. move from b to a on D1.
B. move from a to b on D1.
C. shift from D2 to D3.
D. shift from D3 to D2.
Answer: A
Economics
You might also like to view...
If expected inflation falls but actual inflation remains the same, what happens to the unemployment rate? Defend your answer
Economics
A decrease in the price level
A) shifts the SRAS curve to the right. B) shifts the SRAS curve to the left. C) causes an upward movement along the existing SRAS curve. D) causes a downward movement along the existing SRAS curve. E) none of the above
Economics
In The Wealth of Nations, published in 1776, Adam Smith tried to show that
What will be an ideal response?
Economics
"Transfer payments" may be thought of as:
A. Wages and salaries B. Purchases of services C. Taxes in reverse D. Expenditures on products
Economics