The demand for computers increases. As a result
A) the quantity demanded of workers increases, the wage rate rises, and the supply of labor increases.
B) the demand for workers increases, hiring increases, but wages stay the same since each firm faces a horizontal supply curve of labor.
C) the wage rate increases in the industry and the quantity demanded of workers falls.
D) the wage rate increases in the industry and the quantity supplied of workers increases.
D
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If the aggregate supply curve has its normal shape, deficit spending will increase
a. both GDP and the price level at about the same rate. b. the price level before it increases real GDP. c. the price level but decrease real GDP. d. real GDP before it increases the price level.
Which of the following is false?
A) For bond buyers, the higher the yield the better it is for them. B) For bond buyers, the higher the price of the bond the better it is for them. C) For bond buyers, the lower the yield the worse it is for them. D) The term yield on a bond is the same as the term interest rate on a bond.
Refer to the information provided in Figure 6.6 below to answer the question(s) that follow.
Figure 6.6Refer to Figure 6.6. Bill's budget constraint is CD. If the price of bell peppers increases, Bill's new budget constraint is
A. EF. B. AD. C. BE. D. AO.
Refer to the game in Scenario 13.7. If each player chose a maximin strategy, the outcome would be
A) $69,000, $69,000. B) $0, -$1000. C) -$1000, $0. D) $0, $0. E) a mixed strategy equilibrium.