A fall in the money wage rate ________ aggregate supply and ________
A) decreases; shifts the AS curve rightward
B) increases; shifts the AS curve leftward
C) decreases; shifts the AS curve leftward
D) increases; shifts the AS curve rightward
E) does not change; does not shift the AS curve
D
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If a decrease in income leads to an increase in the demand for sardines, then sardines are
A) a necessity. B) an inferior good. C) a normal good. D) a neutral good.
In the United States, the money for loans to businesses comes mainly from
a. corporate profits. b. the federal government. c. savings held in lending institutions. d. state and local governments.
A decrease in the price level in an economy will
What will be an ideal response?
The money that pays Social Security benefits is raised by
A. taxes that workers pay but not taxes employers pay. B. taxes that employers pay but not taxes that workers pay. C. taxes that both workers and employers pay. D. the personal income tax.