In the GDP accounts, investment includes the purchase of newly issued shares of stock
Indicate whether the statement is true or false
FALSE
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Which of the following statements is correct?
A) An increase in the money wage rate shifts the aggregate demand curve leftward. B) An increase in the price level shifts the aggregate demand curve leftward. C) An increase in the price level shifts the aggregate demand curve rightward. D) An increase in the quantity of the money shifts the aggregate demand curve rightward. E) An increase in the real interest rate shifts the aggregate demand curve rightward.
Refer to Table 9-14. The real average hourly earnings for 1965 in 2010 dollars equal
A) $3.87. B) $5.80. C) $12.10. D) $18.14.
Using Excel, Big Pies Pizzas estimates the log-linear weekly demand function for their pizza to be ln Qd = 8.23 - (1.50 × ln P). If Big Pies Pizzas increases the price of their pizzas from $10 to $12, which of the following will occur?
A) The predicted quantity (Qd ^) will increase. B) The predicted quantity (Qd ^) will increase by approximately 52.48 pizzas. C) The predicted quantity (Qd ^) will decrease by approximately 28.39 pizzas. D) The predicted quantity (Qd ^) will decrease by approximately 62.89 pizzas.
A firm's cost can decrease for each of the following reasons, EXCEPT:
a. an increase in productivity due to experience. b. an improvement in productivity of capital employed. c. an improvement in work environment and quality of management. d. an increase in input prices.