Refer to the above figures. Which panel(s) represent the effect of a decrease in labor productivity?
A. Panels B and D only
B. Panels A and C only
C. Panel A only
D. Panel D only
Answer: A
You might also like to view...
The level of output at which the short-run aggregate supply curve and the aggregate demand curve intersect is the full-employment level of GDP
Indicate whether the statement is true or false
Which of the following would NOT be considered a macroeconomic topic?
A) the reasons for a decline in the price of crude oil B) the cause of a downturn in the economy C) the effect of the government budget deficit on inflation D) the causes of inflation and unemployment
Which of the following is not correct?
a. Unions are exempt from U.S. antitrust laws. b. The Wagner Act of 1935 prevents U.S. employers from interfering when workers try to organize unions. c. The National Labor Relations Board is the U.S. government agency that enforces workers' right to unionize. d. Right-to-work laws prevent firms from hiring permanent replacements for workers who are on strike.
When choosing the right amount of a public good to supply, the government often:
A. provides too much, because people have an incentive to understate a good's value. B. fails to provide it, because people have an incentive to understate a good's value. C. provides too little, because people have an incentive to overstate a good's value. D. guesses, because people have an incentive to overstate a good's value.