Economic models relate to
A) people's choices.
B) how people think about something.
C) group opinions.
D) the reasons people give for donating to charity.
A
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Due to a "baby bust" in the 1960s and 1970s, fewer people entered the labor market in the 1980s and 1990s
This demographic event ________ the natural unemployment rate thereby shifting the short-run Phillips curve ________ and shifting the long-run Phillips curve ________. A) increased; leftward; rightward B) decreased; rightward; rightward C) decreased; leftward; leftward D) increased; rightward; rightward E) increased; rightward; leftward
Which of the following statements is true?
A) An increase in potential GDP increases aggregate supply and shifts the AS curve leftward. B) A decrease in potential GDP decreases aggregate supply and shifts the AS curve leftward. C) An increase in the money wage rate shifts the AS curve rightward. D) A fall in the price level shifts the AS curve leftward. E) An increase in the money wage rate increases potential GDP.
Explain the changes that would cause the dynamic aggregate demand curve to shift.
What will be an ideal response?
the labor force participation rate is calculated by the percentage of the? working-age population that is in the labor force or
What will be an ideal response?