An increase in wealth that doesn't affect labor supply would cause the IS curve to ________ and the FE line to ________
A) shift down and to the left; be unchanged
B) shift down and to the left; shift left
C) shift up and to the right; be unchanged
D) shift up and to the right; shift left
C
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A firm that has limited liability is classified as a
A) proprietorship. B) partnership. C) partnership or proprietorship. D) corporation.
Refer to Figure 13-4. Given the economy is at point A in year 1, what will happen to the price level in year 2?
A) It will fall. B) It will rise. C) It will remain constant. D) not enough information to answer the question
Refer to Figure 29-1. Europe suffers a recession. Assuming all else remains constant, this would be represented as a movement from
A) B to C. B) D to A. C) C to D. D) A to B. E) A to D.
The graph shown demonstrates a tax on sellers. Once the tax has been imposed, the sellers produce ____ units and receive _____ for each one sold.
A. 15; $16
B. 15; $6
C. 31; $9
D. 31; $19