In the above figure, the curve labeled A shifts rightward if
A) expected future profits decrease.
B) the quantity of money decreases.
C) the substitution effect occurs.
D) taxes decrease.
D
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An important factor in producing the global financial crisis was
A) lax consumer protection regulation. B) onerous rules placed on mortgage originators. C) weak incentives for mortgage brokers to use complicated mortgage products. D) strong incentives for the mortgage brokers to verify income information.
In Figure 17-3 above, suppose we are working under the assumption of the Lucas model. It is the year of the presidential election, and fiscal policy becomes more expansionary
If every firm is convinced that its price increase is being duplicated across the economy, we would picture this as a movement between points A) A and C. B) A and B. C) D and B. D) D and A. E) A and D.
The firm would have a better bargaining position in the negotiations if
a. It can hire the non union "scabs" at a better wage b. The union has younger workers who cannot afford to be off work c. The union has a strike fund to pay workers during work stoppage actions d. Only A&B
A change in demand for milk is caused by a change in the price of milk
Indicate whether the statement is true or false