Movement along the aggregate supply curve is referred to as a change in aggregate quantity supplied
a. True
b. False
Indicate whether the statement is true or false
True
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Which is an example of expansionary fiscal policy?
A) A lowering of tax rates B) A lowering of government spending C) An increase in the discount rate D) An increase in the federal funds rate E) An increase in reserve requirements
As of December 2008, housing accounted for about ________ of the typical consumer's spending
a. 32 percent. b. 30 percent. c. 43 percent. d. 65 percent. e. 70 percent.
An increase in the fertility rate of a country's population will shift the labor supply curve to the right
a. True b. False Indicate whether the statement is true or false
Daniel owns a coffee kiosk. All of his employees work 8 hours per day. In 2011, he employed 6 people who produced a total of 912 cups of coffee each day. In 2012, he hired a seventh employee and production increased to 1008 cups of coffee each day. In Daniel's kiosk, productivity
a. increased by about 10.5 percent b. increased by 9.5 percent c. decreased by about 5.6 percent d. decreased by about 5.3 percent