The aggregate demand curve shifts when there are changes in:
A. exogenous spending and the Fed's reaction function.
B. exogenous spending and inflation inertia.
C. potential output and exogenous spending.
D. inflation inertia and aggregate supply shocks.
Answer: A
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Excessive dependence on cheaper foreign imports can cause a(n) ________ in certain sectors of the economy
A) leftward shift in the domestic labor demand curve. B) upward movement along the domestic labor demand curve. C) rightward shift in the domestic labor demand curve. D) downward movement along the domestic labor demand curve.
In 2008 if the poverty line had been set higher, the poverty rate would have been _______.
Fill in the blank(s) with the appropriate word(s).
Use the above table and assume a fixed cost of $1000. At an output of 2, ATC is
A. $350.
B. $700.
C. $850.
D. $1,000.
The Consider This box on patents and innovation demonstrates that:
A. patent protection for U.S. companies may not be as effective when other countries do not respect or enforce U.S. patent laws. B. patent laws are relatively uniform across nations. C. countries like India have no incentive to enact or enforce patent laws. D. follower countries tend to have stronger patent laws than leader countries.