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

Economics

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Indicate whether the statement is true or false

Economics

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

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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.

Economics

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.

Economics