Taxing buyers rather than sellers increases the market equilibrium price
a. True
b. False
Indicate whether the statement is true or false
False
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When the price level rises, the long-run aggregate supply curve ________
A) shifts rightward B) does not shift C) slopes upward D) shifts leftward
If the United Mine Workers successfully negotiates a wage that is higher than the competitive wage,
a. an excess demand for labor is created b. a surplus of labor is created c. the demand for labor increases d. the supply of labor decreases e. the quantity of labor demanded increases
Firms should use a resource up to a point where MRP = P
a. True b. False Indicate whether the statement is true or false
Since 1973 the incidence of poverty has generally increased for
A. children. B. the elderly. C. married couples. D. All of the choices are true.