Refer to the information provided in Figure 19.1 below to answer the question(s) that follow. 
Figure 19.1 Refer to Figure 19.1. After firms can respond to the payroll tax, employment will have
A. decreased by 100.
B. decreased by 200.
C. increased by 50.
D. increased by 150.
Answer: A
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An increase in the nominal money supply would shift the:
A) aggregate demand curve rightward. B) aggregate demand curve leftward. C) aggregate supply curve rightward. D) aggregate supply curve leftward.
What limited the effectiveness of monetary policy during the Financial Crisis of 2007-2009?
What will be an ideal response?
Refer to the above figure. A minimum wage has been set at WM. The amount of unemployment is
A) zero. B) at Qe. C) QS minus QD. D) not computable from the information given.
The short-run Phillips curve is based upon labor contracts that reflect a given expected _____
a. price level b. unemployment level c. money supply d. aggregate demand e. unemployment rate