The money wage rate has little effect on the supply curve. It mainly affects the aggregate demand curve.
Answer the following statement true (T) or false (F)
False
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Which of the following will likely occur when price floors in agriculture are implemented?
A) Quantity supplied will exceed quantity demanded.
B) Quantity demanded will exceed quantity supplied.
C) Farmland will be underutilized.
D) Supply will decrease.
One difficulty of computing the value of GDP is that there are no market prices for
A. exports and imports. B. business investments. C. government goods and services. D. resource values.
Assuming the Marshall-Lerner condition holds and using the ZZ/Y and NX graphs, illustrate graphically and explain what effect a real depreciation will have on output, exports, imports, and net exports. Clearly label all curves and clearly label the initial and final equilibria
What will be an ideal response?
The MPC for an economy is:
A. the slope of the consumption schedule or line. B. the slope of the savings schedule or line. C. 1 divided by the slope of the consumption schedule or line. D. 1 divided by the slope of the savings schedule or line.