Refer to the below graph which shows the supply and demand for unionized manufacturing workers. The initial equilibrium point is point 1. There is an increase in the demand for manufactured goods while at the same time health benefits for unionized manufacturing workers also increase. Which point would represent the new equilibrium?
A. 3
B. 4
C. 5
D. 6
B. 4
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Graphically, cost-push inflation is shown as a ________.
A. rightward shift of the AD curve B. leftward shift of the AS curve C. leftward shift of the AD curve D. rightward shift of the AS curve
Figure 4.5 illustrates a set of supply and demand curves for hamburgers. An increase in supply and an increase in quantity demanded are represented by a movement from
A) point a to point b. B) point a to point c. C) point c to point d. D) point d to point b.
Using a graph, show and explain the difference between an anticipated and an unanticipated increase in aggregate demand
What will be an ideal response?
The balance sheet for a commercial bank shows the bank's
a. required reserves as assets and excess reserves as liabilities b. loans as assets and required reserves as liabilities c. loans as assets and demand deposits as liabilities d. demand deposits as assets and loans as liabilities e. excess reserves as assets and required reserves as liabilities