If the money wage rate increases, then the
A) aggregate supply curve shifts rightward.
B) potential GDP increases.
C) potential GDP decreases.
D) aggregate supply curve shifts leftward.
E) aggregate demand curve shifts leftward.
D
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Quick Buck and Pushy Sales produce and sell identical products and face zero marginal and average cost. Below is the market demand curve for their product. 
Suppose Quick Buck and Pushy Sales decide to collude and work together as a monopolist with each firm producing half the quantity demanded by the market at the monopoly price. If Quick Buck cheats by reducing its price to $1 while Pushy Sales continues to comply with the collusive agreement, then Quick Buck will sell ________ units and Pushy Sales will sell ________ units.
A. 3,000; 0 B. 3,000; 1,000 C. 2,000; 1,000 D. 0; 3,000
Community Depository Institutions Advisory Council (CDIAC).
What will be an ideal response?
One way of addressing the associated market failure that generates both private costs and external costs is for this activity to be
A. subsidized. B. left alone. C. banned. D. taxed.
Refer to Figure 13-1. Ceteris paribus, a decrease in the growth rate of domestic GDP relative to the growth rate of foreign GDP would be represented by a movement from
A) AD1 to AD2. B) AD2 to AD1. C) point A to point B. D) point B to point A.