An increase in the productivity of workers shifts the labor ________ curve to the ________.
A. supply; right
B. demand; left
C. supply; left
D. demand; right
Answer: D
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Which of the following items is included when computing M1?
a. Coins in circulation. b. Currency in circulation. c. Checking accounting entries. d. All of the above. e. None of the above
A natural monopoly is characterized by the fact that its average costs increase rather than decrease when its output expands
a. True b. False Indicate whether the statement is true or false
The Board of Governors of the Federal Reserve is part of a larger policy-making group called the
A) Senate Banking Committee. B) Federal Deposit Insurance Corporation. C) American Banking Association. D) Federal Open Market Committee.
Refer to Table 11.1. What is the value of the marginal propensity to import?
A) 0.15 B) 0.25 C) 0.6 D) 0.9