Refer to the figure at right. Minimum efficient scale is at output rate

If the government raises income taxes, then the labor

A) supply curve shifts rightward. B) demand curve shifts leftward. C) demand curve shifts rightward. D) supply curve shifts leftward. E) Both answers B and D are correct.

An increase in aggregate supply that has been brought about by changes in any other factor than the price level will cause _____

a. the aggregate supply curve to shift rightward b. the aggregate supply curve to shift leftward c. an upward movement along the aggregate supply curve d. a downward movement along the aggregate supply curve

Which of the following would not be included in a definition of risk?

A. Risk has a time horizon. B. Risk is a measure of uncertainty. C. Risk can always be avoided at no cost. D. Risk usually involves some future payoff.

A finitely repeated game differs from an infinitely repeated game in that:

A. a collusive outcome can usually be sustained in the former but not the latter. B. there is an end-of-period problem for the former. C. the former needs a lower interest rate to support collusion than the latter needs. D. all of the statements associated with this question are correct.