Which of the following does NOT cause a rightward shift in the supply curve?
A) a reduction in resource costs
B) an increase in technology
C) a reduction in the price of the good
D) a reduction in the expected future price of the good
Answer: C
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If inflation is higher than anticipated and benefits are not indexed, which group loses purchasing power?
a. Borrowers and lenders b. Lenders and retirees c. Borrowers and retirees d. Only borrowers e. Only lenders
The labor productivity speed-up in the United States could be explained by a delayed
a. educational benefit. b. technology benefit. c. military spending benefit. d. baby boom benefit.
Equilibrium price is _____ and equilibrium quantity is ______ units.
A. $12; 20
B. $12; 30
C. $20; 20
D. $20; 30
Unemployment that is of a short duration to allow time to find a new job is:
A. structural unemployment. B. cyclical unemployment. C. frictional unemployment. D. durational unemployment.