For any competitive labor market, what change would have to occur to cause the labor supply to increase and shift the supply curve right?
A. Opportunity cost of work decreases
B. Number of firms increases
C. Number of workers decreases
D. Opportunity cost of work increases
Answer: A
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Total variable cost is the sum of all
A) costs of the firm's fixed factors of production. B) costs associated with the production of goods. C) costs that rise as output increases. D) implicit costs.
In the monetary equation of exchange, MV = PQ, P stands for
a. total price. b. average price. c. purchases. d. the Producer Price Index.
Which of the following would both shift aggregate demand right?
a. the price level decreases and government expenditures increase. b. the price level decreases and the government repeals an investment tax credit. c. taxes decrease and government expenditures increase. d. None of the above are correct.
Which of the following is true with regard to the use of countercyclical fiscal policy as a stabilization tool?
What will be an ideal response?