A temporary increase in government purchases in the classical model would
A. shift the marginal product of labor curve to the left.
B. shift the labor supply curve to the right.
C. shift the production function to the right.
D. shift the labor demand curve to the right.
Answer: B
You might also like to view...
Forecasting the future path of real GDP by exploiting past statistical relationships
A) is never very reliable. B) can be accomplished by the construction and use of an index of leading variables. C) can be accomplished by the construction and use of an index of lagging variables. D) can be accomplished by the construction and use of an index of coincident variables.
In the short run both the monopolistically competitive firm and the perfectly competitive firm will charge a price equal to marginal cost
a. True b. False Indicate whether the statement is true or false
Which of the following is least likely to increase the demand for new tires?
A. a decrease in the price of tires B. a decrease in the price of cars C. an increase in consumer income D. an increase in the number of miles people drive per year
A schedule of amounts of a good that people will purchase at various prices during a specific time period holding other factors constant is
A) a market. B) supply. C) demand. D) the market clearing price.