As a result of the housing-market crash:
A. aggregate demand shifted to the left, and aggregate supply shifted to the right.
B. both aggregate demand and aggregate supply shifted to the right.
C. both aggregate demand and aggregate supply shifted to the left.
D. aggregate demand shifted to the right, and aggregate supply shifted to the left.
Answer: C
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The US is experiencing a technological boom. Relative to the other countries with lower technological growth, we expect to see the dollar
a. Appreciate b. Depreciate c. Stay constant in value d. None of the above
If price is set equal to marginal cost when marginal cost is below ATC, the firm will suffer a loss
Indicate whether the statement is true or false
To justify restricting trade, the less-developed countries have more reason to use this argument than industrially advanced countries
a. retaliation b. national security c. cheap foreign labor d. infant industries e. unionized foreign labor
A compensation program that includes all performance indicators that influence an employee's effort is called the:
A. risk-sharing premium. B. informativeness principle. C. efficient bargaining solution. D. incentive coefficient.