A rightward shift of the long-run aggregate supply curve is caused by
A. an increase in the GDP deflator.
B. an increase in the minimum wage.
C. improvements in technology.
D. an increase in the average duration of unemployment.
Answer: C
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Which of the following economies has the lowest ratio of Social Security benefits to GDP in 2006?
a. United Kingdom b. Netherlands c. Canada d. France e. United States
If the price of an existing bond increases, the current yield increases.
Answer the following statement true (T) or false (F)
What is the effect of immigration in the long run?
a. Output will increase. b. Factor prices will increase. c. There will be no change in factor prices. d. There will be an increase in output but no change in factor prices.
Suppose you have $2000 in currency in a shoebox in your closet. One day, you decide to deposit the money in a checking account. How will this action affect the M1 and M2 definitions of the money supply?
A. Both M1 and M2 will remain unchanged B. M1 will decrease and M2 will increase C. Both M1 and M2 will increase by $2000