An increase in inflationary expectations that causes firms to increase their prices shifts the
A. aggregate demand curve to the left.
B. aggregate demand curve to the right.
C. aggregate supply curve to the right.
D. aggregate supply curve to the left.
Answer: D
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Over the last 60 or so years, the percentage of women with paid jobs has increased significantly. Is this increase in female employment associated with an increase in the demand for labor, or is it associated with an increase in the supply of labor?
An agent hired by the owner of productive resources to control the production process is:
A. a self-proprietor. B. a laborer. C. an assembly worker. D. a firm manager.
Refer to the information provided in Table 24.1 below to answer the question(s) that follow.Table 24.1
Refer to Table 24.1. The equilibrium level of output is ________ billion.
A. $800 B. $1,200 C. $1,600 D. $2,000
Joan Robinson, author of The Second Crisis of Economic Theory, is quoted as saying, "Keynes did not want anyone to dig holes and fill them." She is pointing out that
A. As far as stabilization objectives are concerned, the level of spending is the only thing that counts. B. The government should not be interfering in the economy because the jobs created are usually unproductive. C. The content of fiscal policy is as important as its aggregate impact on the economy. D. Keynesian economic policies do not work.