The rapid advance in computer technology is one of the reasons given for the shift of the
a. aggregate demand curve outward.
b. aggregate supply curve inward.
c. aggregate supply curve outward.
d. total expenditures curve upward.
c
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Since 2000, the U.S. government has generally had a government budget ________ and so the national debt has ________
A) surplus; decreased B) surplus; increased C) deficit; decreased D) deficit; increased E) deficit; not changed
Studies on consumer behavior have found that most people value fairness enough that they will refuse to participate in transactions they consider unfair, even if they are worse off as a result
How does this affect a firm's decision to raise prices in the event of a temporary increase in demand?
Which of the following equations best represents the concept of constant returns to scale?
A) 3Y = AF(3K, 3L) B) 2Y = 2AF(2K,2 L) C) 1/4Y = (AF / 4 )(4K, 4L) D) 5Y = [AF(K, L)] / 5
Refer to the table below. If Stuffed Pies is currently producing 13 units of quality, to maximize profit, Stuffed Pies should ________ the units of quality.
Stuffed Pies is a frozen calzone manufacturer. The table above summarizes Stuffed Pies' marginal revenue and marginal cost of quality at various quality amounts.
A) not change
B) increase by 50 percent
C) decrease
D) increase