In the monetarist version of the AD-AS framework, an increase in the money supply produces a __________ shift of the __________ curve
A) rightward; AD
B) rightward; SRAS
C) leftward; AD
D) leftward; SRAS
A
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By offering less generous unemployment insurance programs, the United States can expect
A) citizens to pay more in taxes than citizens pay in Europe. B) longer periods of unemployment for their workers. C) workers to be slow in gaining new skills in response to fluctuations in the labor market. D) shorter periods of unemployment for their workers.
If an asymmetry of information is removed and laborers' preferences change against employment, this will shift the equilibrium in the labor market to the
A. northwest. B. northeast. C. southwest. D. southeast.
Use the above figure. If a commission regulates the above monopoly using marginal cost pricing, then the industry's output will be ________ and the product's price will be ________
A) Q2; P1 B) Q2; P3 C) Q3; P2 D) Q4; P1
Discouraged workers are people who want to work but have given up trying to find a job after an unsuccessful search
a. True b. False Indicate whether the statement is true or false