In the above figure, the short-run aggregate supply curve is SAS1. If the money wage rate increases, there is
A) an upward movement along SAS1.
B) a downward movement along SAS1.
C) a shift to SAS0.
D) a shift to SAS2.
C
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Tax cuts proposed by the Kennedy and Reagan administrations were followed by robust economic growth
a. True b. False Indicate whether the statement is true or false
A high school student who voluntarily includes a writing sample with their college application is an example of:
A. statistical discrimination. B. signaling. C. screening. D. building a reputation.
If the economy were producing at point Z and moved to point D,
A. it could only produce more butter at the sacrifice of some gun production.
B. it could only produce more guns at the sacrifice of some butter production.
C. it could produce more guns and more butter at the same time.
D. it would be impossible to produce more guns without the sacrifice of some butter production.
Which of the following is the same for monopoly and competition under the same cost and demand conditions?
A. Efficiency of production at the profit-maximizing output. B. The amount of output that is produced. C. The goal of maximizing profits. D. Economic profits.