The foreign purchases effect:
A. shifts the aggregate demand curve rightward.
B. shifts the aggregate demand curve leftward.
C. shifts the aggregate supply curve rightward.
D. moves the economy along a fixed aggregate demand curve.
D. moves the economy along a fixed aggregate demand curve.
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Exhibit 30-4
?
A. P3 - P1. B. P4 - P3. C. P3 - P2. D. P2 - P1.
In the classical view, flexible wage rates would assure
A) low inflation. B) high rates of unemployment. C) high secular inflation rates. D) full employment.
which of the following is a private owner prohibited from doing?
What will be an ideal response?
If wages are "sticky downwards", then wages ________.
A. resist falling when there is an excess supply of labor B. fall when there is an excess demand for labor C. fall when there is an excess supply of labor D. resist rising when there is an excess demand for labor