An increase in the money supply would
A) shift the LM curve to the left.
B) shift the IS curve to the right.
C) shift the IS curve to the left.
D) shift the LM curve to the right.
D
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Which of the following is the most aggregated value?
A. total output of a city B. total output of an industry C. total output of a country D. total output of a firm
When a group of people voluntarily band together to share some kind of benefit, we call this
A. a gang. B. a team. C. a coalition. D. a club.
Many economists believe the bias in the CPI is now only about half as large as it once was
a. True b. False Indicate whether the statement is true or false
The capital stock is fixed at 50 units, the price of capital is $30 per unit, and the price of labor is $25 per unit. Given the above, if the firm produces 30 units of output, how many units of labor does the firm use?
A. 54 B. 45 C. 30 D. 60 E. none of the above