The aggregate supply curve shifts
A) rightward if potential GDP decreases.
B) rightward if the money wage rate falls.
C) leftward if the aggregate demand curve shifts leftward.
D) rightward if the money wage rate rises.
E) leftward if potential GDP increases.
B
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Which of the following is the best example of a "What?" question?
A) Should automobiles be produced using workers or robots? B) Should higher-income or lower-income people buy SUVs? C) Should we make faster microprocessors or pest-resistant corn? D) Should migrant workers or domestic workers be used to pick grapes? E) What should doctors be paid?
A negative income tax program provides a simple way to assist the unemployed
a. True b. False Indicate whether the statement is true or false
Technological advancement implies:
a. the increase in the quantity of inputs needed to produce a given quantity of output. b. the reduction in the quantity of inputs needed to produce a given quantity of output. c. the reduction in the productivity of a sector of the economy that has become obsolete. d. an increase in the labor to capital ratio in any production process. e. the growth in the natural resource endowment.
The less liquid markets are the:
A. smaller the supply of loanable funds, and the slower the growth in the economy. B. larger the supply of loanable funds, and the slower the growth in the economy. C. larger the supply of loanable funds, and the faster the growth in the economy. D. smaller the supply of loanable funds, and the faster the growth in the economy.