Agricultural price supports are
A) floors.
B) ceilings.
C) quantity quotas.
D) taxes.
A
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About 46 percent of M1 is composed of
A) demand deposits. B) money market mutual funds. C) savings deposits. D) currency held by the public.
Which of the following statements is true?
A) There will be no change in unemployment if there is a leftward shift in the labor demand curve and there is wage rigidity, everything else remaining unchanged. B) Unemployment will be higher if there is a leftward shift in the labor demand curve and there is no wage rigidity, everything else remaining unchanged. C) Unemployment will be higher if there is a leftward shift in the labor demand curve and there is downward wage rigidity in the labor market, everything else remaining unchanged. D) There will be an increase in unemployment if there is a leftward shift in the labor demand curve and there is no wage rigidity, everything else remaining unchanged.
Think of the aggregate expenditure model. At the point where the aggregate expenditure curve intersects the 45-degree (or income) line,
a. C = I b. I = C + S c. Y = S d. Y = S + I e. S = Ii
On the basis of the given information, we:
Use the labor demand data on the left and the labor supply data on the right in answering the following question:
A. can say that the labor supply curve facing the firm is nonexistent.
B. cannot say whether the firm's product market is purely or imperfectly competitive.
C. can say that the firm is selling its product in a purely competitive market.
D. can say that the firm is selling its product in an imperfectly competitive market.