Unlike its competitors, one glass producer can use its equipment to make either windows for houses or windows for cars. Other things equal, compared to its competitors, its supply curve of windows for cars would be:
a. more elastic than the supply curves of competitors.
b. less elastic than the supply curves of competitors.
c. greater than the supply curves of competitors
d. less than the supply curves of competitors.
a
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An economy in which output has decreased and prices have decreased would suggest a:
A. decrease in short-run aggregate supply. B. increase in aggregate demand. C. increase in short-run aggregate supply. D. decrease in aggregate demand.
In the short run, exchange rates are most directly affected by which of the following?
A) flows of financial capital B) purchasing power parity C) trade barriers D) imports and exports
Which of the following is the central bank for the United States?
A. the U.S. Mint B. the Bank of America C. the Comptroller of the Currency D. none of these
In the efficiency wage model, an increase in productivity will cause
A. an increase in the real wage. B. no change in the real wage. C. a decrease in the real wage. D. an increase in both the real wage and the level of employment.