At a given price level, anything that changes the amount of total purchases in the economy will cause the aggregate demand curve to shift
a. True
b. False
Indicate whether the statement is true or false
True
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What is the aggregate demand multiplier and why does it occur?
What will be an ideal response?
Which of the following would cause the demand for carpenters to increase?
a. a decrease in immigration b. an increase in the demand for housing c. an increase in the price of lumber d. a decrease in the productivity of carpenters
In the short run,
a. new firms may enter a market, but existing firms cannot exit. b. firms may exit a market, but new firms may not enter. c. firms may enter or exit a market. d. firms may neither enter nor exit a market.
Traci is a nurse, and she gets paid an additional $1.00 per hour for agreeing to work the night shift. Carol is also a nurse, but she works the day shift and does not get paid this extra dollar per hour. This difference in pay is an example of a compensating differential
a. True b. False Indicate whether the statement is true or false