If in the market for peaches the supply curve has shifted to the left
A) the quantity of peaches supplied has decreased. B) the quantity of peaches supplied has increased.
C) the supply of peaches has increased. D) the supply of peaches has decreased.
D
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In the efficiency wage model, an increase in productivity will cause
A) no change in the real wage. B) an increase in the real wage. C) a decrease in the real wage. D) an increase in both the real wage and the level of employment.
A market with many sellers, some influence over price, low barriers to entry, a differentiated product, and non-price competition often taking the form of advertising is known as
A) perfect competition. B) monopolistic competition. C) oligopoly. D) monopoly.
If the crowding-out effect is strong, how will the potency of discretionary fiscal policy be affected?
a. It will make fiscal policy more potent. b. It will make fiscal policy less potent. c. The potency of fiscal policy will be unaffected. d. The potency of contractionary will be reduced.
AR
What will be an ideal response?