Based on the graphs showing price discrimination in movie ticket prices, if the theatre charges $11 per ticket at the matinee, it will ______.
a. maximize profits
b. sell too many tickets
c. sell too few tickets
d. sell no tickets
c. sell too few tickets
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Demand-pull inflation is illustrated in the short run aggregate supply-aggregate demand model as a shift of the aggregate ________.
A. demand to the left B. demand to the right C. supply to the left D. supply to the right
The Federal Reserve banks play a role in formulating monetary policy by each of the following, except:
A. making discount loans. B. participation in setting the discount rate. C. participating in FOMC meetings. D. conducting open market operations from their banks.
Use the table below to answer the next question.YearEmployedStructuralFrictionalCyclicalUnemployed20031,800501005020020042,400100100 30020052,000 15018050020062,66040 0140Determine the number of people structurally unemployed for the year 2005.
A. 220 B. 170 C. 150 D. 0
If labor and capital are complements in production, then an increase in the amount of capital will
a. reduce the firm's demand for labor. b. raise the firm's marginal cost of production. c. cause the scale effect to outweigh the substitution effect. d. increase labor's marginal product.