Refer to the information provided in Figure 2.6 below to answer the question(s) that follow.
Figure 2.6Refer to Figure 2.6. An increase in the economy's capital stock is represented by a
A. shift from ppf2 to ppf1.
B. movement along ppf1.
C. shift from ppf1 to ppf2.
D. movement along ppf2.
Answer: C
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In the classical model, aggregate demand and aggregate supply will
A) not exist. B) intersect at the point of full employment. C) intersect at less than full employment. D) not intersect.
The aggregate supply curve is downward sloping because buyers tend to purchase more of all goods and services as the price level decreases
a. True b. False Indicate whether the statement is true or false
Which of the following is true?
a. Employers who discriminate against women will have lower costs than rival firms that hire employees strictly on the basis of merit (productivity). b. If employers can hire equally productive female employees at a lower wage than males, the profit motive gives them a strong incentive to do so. c. The female/male earnings ratio is higher for persons who are married than for those who remain single. d. Both a and c are true.
Which of the following is not a function of money?
A. Store of wealth B. Medium of exchange C. Unit of account D. Equity instrument