Increases in productivity due to changes in technological capacity could be best represented by:
a. Outward shift in the demand curve
b. Outward shift in the supply curvec Outward shift in both the demand and supply curves
d. Inward shift in the supply curve
b. Outward shift in the supply curve
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Which of the following scenarios best demonstrates Say's law?
A. Nandini plays the piano at a restaurant, and her income is based solely on voluntary donations. She never lets her demand for goods and services determine how long she plays the piano. B. Professor Mackowski teaches economics at a university and receives a monthly paycheck. Each month he spends half his paycheck and saves the rest in his piggy bank under his bed. C. Farmer Perk grows strawberries on his farm. As he grows them, he decides to buy more goods if he sells more strawberries than he expected.
Suppose that during a given month 500,000 persons quit their job to become self-employed. This will cause
A) the unemployment rate to fall. B) the unemployment rate to rise. C) payroll employment to rise. D) payroll employment to fall. E) no change in either the unemployment rate or payroll employment.
How is the optimal degree of diversification of a portfolio determined?
It was the rapid and system-wide deleveraging that contributed to the downward spiral of the 2008 financial crisis
a. True b. False.