Refer to Figure 13.2. The technical name given to Alice, based on her position in the figure, is the
A) election moderator.
B) median voter.
C) irrelevant alternative.
D) strategic voter.
B
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Sunu Quaid's new home does not contribute to her life-cycle wealth
Indicate whether the statement is true or false
The ________, the ________ is the quantity of real GDP supplied
A) higher the price level; greater B) greater the demand for labor; smaller C) lower the price level; greater D) lower aggregate demand; greater E) lower the supply of labor; greater
The AD curve is a graph depicting the
A) relationship between the price level and the quantity of real GDP demanded. B) relationship between the price level and potential GDP. C) relationship between the price level and the quantity of real GDP supplied. D) business cycle during expansions and recessions. E) relationship between the aggregate quantity of real GDP demanded and the aggregate quantity of real GDP supplied.
Critically evaluate the following statement. "Short-run costs curves must be downward-sloping because after all labor is increasingly more productive."
What will be an ideal response?