Which of the following events would shift the labor supply curve?
a. changes in the number of women willing to work
b. immigration of workers
c. changing attitudes towards work
d. All of the above are correct.
d
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Refer to Figure 16-1. Suppose the economy is in short-run equilibrium below potential GDP and Congress and the president lower taxes to move the economy back to long-run equilibrium. Using the static AD-AS model in the figure above, this would be depicted as a movement from
A) A to B. B) C to B. C) A to E. D) B to A. E) B to C.
As the number of British pounds that exchange for a dollar rises on foreign currency markets: a. the British will have an incentive to import fewer U.S. goods
b. the British will find it easier to export goods to the United States. c. the British will find U.S. goods to be more expensive in their stores. d. all of the above will be true.
As people's income rises, they wish to
A. hold less money for transactions. B. spend less. C. hold more money for transactions. D. invest only in stocks.
Refer to the information provided in Figure 6.6 below to answer the question(s) that follow.
Figure 6.6Refer to Figure 6.6. Bill's budget constraint was originally AD. If his new budget constraint is EF, then his income
A. increased. B. decreased. C. increased and the price of black beans price increased. D. increased and the price of bell peppers decreased.